FARO Technologies Inc reports results for the quarter ended in September 30 - Earnings Summary

• FARO Technologies Inc FARO.OQ reported quarterly adjusted earnings of 21 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of two analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 3 cents to

• Revenue fell 4.9% to $82.56 million from a year ago; analysts expected $78.97 million.

• FARO Technologies Inc's reported EPS for the quarter was a loss of 2 cents​.

• The company reported a quarterly loss of $289 thousand.

• FARO Technologies Inc shares had fallen by 1.6% this quarter and lost 16.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 255% 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 24.50

This summary was machine generated from LSEG data November 7 at 05:14 a.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)