Faro Technologies Q2 2024 Adj. EPS $0.18 Beats $0.01 Estimate, Sales $82.085M Miss $83.651M Estimate
Portfolio Pulse from Benzinga Newsdesk
Faro Technologies (NASDAQ:FARO) reported Q2 2024 adjusted EPS of $0.18, significantly beating the analyst estimate of $0.01. However, sales of $82.085 million missed the $83.651 million estimate and were down 6.94% year-over-year.
August 08, 2024 | 9:54 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Faro Technologies reported Q2 2024 adjusted EPS of $0.18, beating the analyst estimate of $0.01 by 1700%. However, sales of $82.085 million missed the $83.651 million estimate and were down 6.94% year-over-year.
The significant EPS beat is likely to have a positive impact on the stock price in the short term, despite the slight miss in sales and year-over-year decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100