FARO Technologies Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-08

FARO Technologies (NASDAQ:FARO) Third Quarter 2024 Results Key Financial Results Revenue: US$82.6m (down 4.9% from 3Q 2023). Net loss: US$289.0k (loss narrowed by 97% from 3Q 2023). US$0.015 loss per...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 4.5%. Earnings per share  also surpassed analyst estimates by 93%.Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Electronic industry in the US.The company's shares are up 47% from a week ago.We should say that we've discovered 1 warning sign for FARO Technologies that you should be aware of before investing here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FARO":"法如科技"},"translate_title":"FARO Technologies 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FARO":1},"content_text":"FARO Technologies (NASDAQ:FARO) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$82.6m (down 4.9% from 3Q 2023).\nNet loss: US$289.0k (loss narrowed by 97% from 3Q 2023).\nUS$0.015 loss per share (improved from US$0.46 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:FARO Earnings and Revenue History November 8th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nFARO Technologies Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 93%. \n Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Electronic industry in the US. \nPerformance of the American Electronic industry.\n The company's shares are up 47% from a week ago. \nRisk Analysis\n We should say that we've discovered 1 warning sign for FARO Technologies that you should be aware of before investing here. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481212792"}