You might not have heard of CalAmp, but if you track your online shopping packages obsessively, you’re probably using the company’s technology. The provider of wireless technology aims to better the lives of consumers by developing hardware and software that tracks the location of vehicles, packages, and even driving habits.
The company continues to beat Wall Street expectations, reporting adjusted earnings per share of 19 cents on $59 million in revenue in the first quarter of 2014. Wall Street had expected earnings of 18 cents of the former and $58 million of the latter.
Its recent acquisition of management solutions firm Radio Satellite Integrators is expected to bring in substantial revenues from city and county government agencies. —V.G.
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