Brief: Faro Announces First Quarter Financial Results

FARO Technologies

03/05/2023 22:08

May 3 (Reuters) - Faro Technologies Inc  FARO.O :
    * FARO ANNOUNCES FIRST QUARTER FINANCIAL RESULTS
    * IMPLEMENTING ADDITIONAL ANNUALIZED COST SAVING INITIATIVES
IN
RANGE OF $10 MILLION TO $20 MILLION
    * SEES Q2 REVENUE IN RANGE OF $79 MILLION TO $87 MILLION
    * QTRLY LOSS PER SHARE $1.12
    * SEES Q2 GROSS MARGIN IN RANGE OF 44% TO 47%
    * SEES Q2 LOSS PER SHARE $1.80 TO $1.13
    * SEES Q2 ADJUSTED LOSS PER SHARE $0.47 TO $0.22
    * Q2 EARNINGS PER SHARE VIEW $-0.04, REVENUE VIEW $88.7
MILLION --
REFINITIV IBES DATA
    * Q1 EARNINGS PER SHARE VIEW $-0.13, REVENUE VIEW $84.9
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nPn4SGR2Sa 
Further company coverage:  FARO.O 

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