Faro Technologies (FARO) Tops Q4 EPS by 28c

Faro Technologies (NASDAQ: FARO) reported Q4 EPS of $0.60, $0.28 better than the analyst estimate of $0.32. Revenue for the quarter came in at $91.3 million versus the consensus estimate of $89.55 million.

"FARO performed well in 2015 on many levels," stated Dr. Simon Raab, Chairman and Interim Chief Executive Officer. "Although our financial results did not meet our internal targets, we successfully launched the FARO Freestyle3D laser scanner, completed two acquisitions to expand our position in the AEC and public safety markets, completed our implementation of our new global enterprise resource planning system as well as continued the development of new products in our R&D pipeline, culminating most recently in our January launch of the new FARO Cobalt Array Imager. We will build on these successes and many other initiatives in 2016."

For earnings history and earnings-related data on Faro Technologies (FARO) click here.

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