FARO Technologies Expects Q2 Revenue Of $79M-$87M, Est $85.24M; Adj EPS Of $(0.08) to $0.12, Est $(0.02)
Portfolio Pulse from Benzinga Newsdesk
FARO Technologies projects Q2 revenue between $79M-$87M, slightly below the estimated $85.24M, with adjusted EPS ranging from $(0.08) to $0.12, against an estimate of $(0.02). The company anticipates a gross margin of 50.5% to 52.0%, and a non-GAAP gross margin of 51.0% to 52.5%. It also expects a net loss per share of ($0.43) to ($0.23) for the quarter ending June 30, 2024.
May 01, 2024 | 9:59 pm
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FARO Technologies anticipates Q2 revenue to be slightly below estimates with adjusted EPS within a wide range. The company expects a significant net loss per share.
The projected revenue being slightly below estimates and the anticipated net loss per share could lead to negative investor sentiment in the short term. The wide range in adjusted EPS indicates uncertainty in profitability, which may further concern investors.
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