Faro Technologies (FARO) Misses Q3 EPS by 1c

Faro Technologies (NASDAQ: FARO) reported Q3 EPS of ($0.01), $0.01 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $90.5 million versus the consensus estimate of $98.57 million.

"Having been at FARO for a full quarter now, I believe we can deliver long-term sales and profit growth. FARO\'s product roadmap, broad customer base and market position create the foundation for a much more customer focused and scalable sales model. With those goals in mind, we have augmented our management team and made significant progress on our strategic and tactical plans," stated Michael Burger, President and Chief Executive Officer. "I am not satisfied with our current financial performance, notwithstanding the soft macro environment. However, I am confident we will be successful in the implementation of our plans to enhance shareholder value."

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

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• AXT appoints Tracy Liu to its board of directors
• Stifel Starts Victrex Plc. (VCT:LN) (VTXPF) at Buy