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Faro Technologies: 2Q Earnings Snapshot

Last Updated Aug 5, 2020 at 12:00 am EDT

LAKE MARY, Fla. (AP) _ Faro Technologies Inc. (FARO) on Tuesday reported a loss of $8.9 million in its second quarter.

On a per-share basis, the Lake Mary, Florida-based company said it had a loss of 50 cents. Losses, adjusted for non-recurring costs, were 36 cents per share.

The computer-aided measurement and imaging devices and software company posted revenue of $60.6 million in the period.

Faro Technologies shares have increased 22% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $61.28, an increase of 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FARO at https://www.zacks.com/ap/FARO

The Associated Press