FARO Technologies, Inc. (NASDAQ:FARO) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, FARO is expected to report 3Q20 loss of $ 0.23 per share from revenue of $ 65.22 million.
For the full year, analysts anticipate top line of $ 290.25 million, while looking forward to loss of $ 0.23 per share bottom line.
Previous Quarter Performance
FARO Technologies, Inc. unfold loss for the second quarter of $ 0.36 per share, from the revenue of $ 60.56 million. Street analysts expected FARO Technologies, Inc. to report loss of $ 0.13 per share on revenue of $ 66.22 million for the second quarter. The bottom line results missed street analysts by $ 0.23 or 176.92 percent, at the same time, top line results fell short of analysts by $ 5.66 million or 8.55 percent.
Stock Performance
Shares of FARO Technologies, Inc. traded low $ -0.64 or -1.00 percent on Tuesday, reaching $ 63.22 with volume of 44.50 thousand shares. FARO Technologies, Inc. has traded high as $ 64.03 and has cracked $ 63.00 on the downward trend
According to the previous trading day, closing price of $ 63.22, representing a 81.68 % increase from the 52 week low of $ 35.15 and a 2.96 % decrease over the 52 week high of $ 65.81.
The company has a market capital of $ 1.12 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional (3D) measurement and imaging solutions. It operates through three segments: 3D Manufacturing, Construction BIM, and Emerging Verticals.
