IRVINE, Calif. (AP) – CalAmp Corp. on Tuesday reported a loss of $2.7 million in its fiscal first quarter.

The Irvine, California-based company said it had a loss of 8 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 29 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The wireless communications company posted revenue of $88.1 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $87.2 million.

For the current quarter ending in September, CalAmp expects its per-share earnings to range from 23 cents to 29 cents.

The company said it expects revenue in the range of $86 million to $91 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $89.5 million.

CalAmp shares have climbed 33 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $19.25, an increase of 41 percent in the last 12 months.