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

FARO Technologies

02/11/2022 22:06

* FARO Technologies Inc  FARO.OQ  reported quarterly
adjusted
earnings of 3 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for a loss of 3 cents per share.
    * Revenue rose 7.8% to $85.33 million from a year ago;
analysts
expected $83.80 million. 
    * FARO Technologies Inc's reported EPS for the quarter was a
loss
of 34 cents​.
    * The mean earnings estimate of analysts had fallen by
about 25%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * FARO Technologies Inc shares had risen by 4.4% this
quarter and
lost 59.1% so far this year.
    * The company reported a quarterly loss of $6.26 million.
    * Wall Street's median 12-month price target for FARO
Technologies
Inc is $37.50 
    * 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 Refinitiv data November
2 at 10:06 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.03          0.03           Beat
 Jun. 30 2022      -0.08          -0.03          Beat
 Mar. 31 2022      0.03           -0.14          Missed
 Dec. 31 2021      0.49           0.48           Missed