FARO Technologies Inc reports results for the quarter ended December 31 - Earnings Summary

• FARO Technologies Inc FARO.OQ reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of two analysts for the quarter was for earnings of 40 cents per share. 40 cents per share.

• Revenue fell 5.4% to $93.54 million from a year ago; analysts expected $91.03 million.

• FARO Technologies Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $986 thousand.

• FARO Technologies Inc shares had risen by 5.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for FARO Technologies Inc is $33.50

This summary was machine generated from LSEG data February 24 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)