CalAmp Corp. (CAMP, Financial)
Shares of CalAmp Corp. (CAMP, Financial)Â climbed more than 10% in after-hours trading Tuesday as the company reported better-than-expected quarterly profit and revenues, driven by the strength of its Wireless Datacom segment.
For its fourth quarter fiscal 2015, CAMP posted consolidated revenue of $69.2 million, a 16% increase year over year, and non-GAAP (excluding non-recurring items) net income of $11.6 million, or $0.32 per diluted share, compared to non-GAAP net income of $7.1 million, or $0.20 per diluted share in the same quarter the prior year, exceeding the Capital IQ Consensus Estimate of $0.28 earnings per share on revenues of $67.77 million for the period.
For its first quarter fiscal 2016, CAMP expects to achieve consolidated revenue in the range of $63 million to $67 million. Overall, the company expects both revenue and earnings to gain momentum as fiscal 2016 progresses, exceeding the impressive milestones established in this past fiscal year
CAMP is a proven leader in providing wireless communications solutions to a broad array of vertical market applications and customers.
More about CalAmp Corp. (CAMP, Financial) at www.calamp.com.
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Illumina Inc. (ILMN, Financial)
The price of Illumina Inc. (ILMN, Financial)Â stock surged in the extended session Tuesday after the company delivered significant earnings growth in its quarterly financial results, driven by strong demand for products across its sequencing portfolio.
For the first quarter fiscal 2015, ILMN posted revenue of $539 million, a 28% increase year over year, and non-GAAP net income of $135 million, or $0.91 per diluted share, compared to non-GAAP net income of $80 million, or $0.53 per diluted share in the same quarter the prior year, surpassing the Capital IQ Consensus Estimate of $0.72 earnings per share on revenues of $524.93 million for the period
ILMN said that, while the genomics market remains nascent, its best-in-class product offerings are accelerating adoption, setting the stage for a robust 2015.
According to its business outlook for fiscal 2015, ILMN expects approximately 20% total revenue growth and non-GAAP earnings per diluted share to be in the range of $3.36 to $3.42.
ILMN is transforming human health as the global leader in sequencing- and array-based technologies.
More about Illumina Inc. (ILMN, Financial) at www.illumina.com
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Perrigo Company plc (PRGO, Financial)
After the closing bell on Tuesday, Perrigo Company plc (PRGO, Financial) said that its Board of Directors has unanimously rejected the unsolicited $205 per share offer from generic drugmaker Mylan N.V. (MYL, Financial), saying the proposal substantially undervalues the company and its growth prospects.
PRGO also separately reported its financial results. For its third quarter fiscal 2015, PRGO posted net sales of $1.05 billion, a 4% increase year over year, and adjusted (excluding non-recurring items) net income of $248.5 million, or $1.85 per diluted share, compared to adjusted net income of $176.2, or $1.31 per diluted share in the same quarter the prior year, topping the Capital IQ Consensus Estimate of $1.79 earnings per share for the period.
PRGO, a top five global over-the-counter (OTC) consumer goods and pharmaceutical company, offers consumers and customers high quality products at affordable prices.
More about Perrigo Company plc (PRGO, Financial) at www.perrigo.com
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Crown Equity Holdings Inc. (CRWE, Financial)
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network (www.CRWE-PR.com), a growing network of community targeted sites.
It has recently included Irwindale, California ( www.irwindale.crwe-pr.com ) into the CRWE Network.
Irwindale is a city in the San Gabriel Valley, in Los Angeles County, California. It is undergoing a renaissance, transitioning from a mining-oriented community to a manufacturing and high-tech-based, modern suburban city.
Irwindale had an estimated population in 2010 (U.S. Census) of 1,422, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally.
The CRWE Network has reached the 1,487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The CRWE-PR Business Directory portal ( www.BusinessDirectory.crwe-pr.com ) is the company’s business directory service that is available to all United States and Canada business in the public and private sector. It allows business owners and executives the ability to claim their business listings and provide more detailed information for their potential customers who visit the CRWE Network everyday.
More about Crown Equity Holdings Inc. (CRWE, Financial) at www.crownequityholdings.com
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