FARO Technologies Expects Q3 Revenue Of $76M-$84M Vs. $83.609M Consensus; Sees Adj. EPS Of $(0.01) to $0.19 Vs. $(0.02) Consensus
Portfolio Pulse from Benzinga Newsdesk
FARO Technologies has provided its outlook for the third quarter of 2024, expecting revenue between $76M and $84M, compared to the consensus of $83.609M. The company also anticipates an adjusted EPS range of $(0.01) to $0.19, versus the consensus of $(0.02).
August 09, 2024 | 7:31 am
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FARO Technologies has provided its Q3 2024 outlook, expecting revenue between $76M and $84M, slightly below the consensus of $83.609M. The company also anticipates an adjusted EPS range of $(0.01) to $0.19, which is better than the consensus of $(0.02).
The revenue projection is slightly below the consensus, which might be seen as a negative. However, the adjusted EPS range is better than expected, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100