Faro Technologies (NASDAQ:FARO) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Faro Technologies missed estimated earnings by 192.31%, reporting an EPS of $-0.38 versus an estimate of $-0.13.
Revenue was up $8.31 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 0.1% increase in the share price the next day.
Here’s a look at Faro Technologies’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.34 | -0.03 | -0.08 | 0.03 |
| EPS Actual | 0.38 | 0.03 | -0.03 | -0.14 |
| Revenue Estimate | 103.51M | 83.80M | 79.47M | 84.22M |
| Revenue Actual | 103.86M | 85.33M | 79.92M | 76.66M |
To track all earnings releases for Faro Technologies visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
