Faro Technologies: 2Q Earnings Snapshot
Posted Aug 4, 2020 11:54:11 PM.
Last Updated Aug 5, 2020 12:00:06 AM.
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
