Faro Technologies: Rises on Q4 profit, revenue beat
18/02/2021 17:15
** Shares of software maker for 3D measurement FARO.O up
~2% at $79.34
** Co on Wednesday after-market posted Q4 adj. profit of 35
cents/share, above Street est of 13 cents/share, according to
Refintiv IBES urn:newsml:reuters.com:*:nPn5bJCSja
** Reports Q4 rev of $93 mln, above est of $79.3 mln
** Co's Q4 total operating expenses fell ~48% to $48.1 mln
** FARO Q4 bookings fell 19% to $116.9 mln from a year
earlier, but rose 32% to $95.1 mln from last qtr
** Shares rose 10.4% this year, as of last close
(Reporting by Lasya Priya M in Bengaluru)
((LasyaPriya.M@thomsonreuters.com;))