Faro Technologies Inc Reports Results For The Quarter Ended In June: Earnings Summary

FARO Technologies

02/08/2023 23:31

* FARO Technologies Inc  FARO.OQ  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended in June. The
mean expectation of three analysts for the quarter was for a
loss of 40 cents per share.
    * Revenue rose 10.4% to $88.21 million from a year ago;
analysts
expected $81.56 million. 
    * FARO Technologies Inc's reported EPS for the quarter was a
loss
of $1.49​.
    * The mean earnings estimate of analysts had fallen by
about 823.1% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * FARO Technologies Inc shares had risen by 2.2% this
quarter and
lost 43.7% so far this year.
    * The company reported a quarterly loss of $28.25 million.
    * Wall Street's median 12-month price target for FARO
Technologies
Inc is $21.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 10:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.40          -0.14          Beat
 Mar. 31 2023      -0.13          -0.38          Missed
 Dec. 31 2022      0.34           0.38           Beat
 Sep. 30 2022      -0.03          0.03           Beat