FARO Announces Third Quarter Financial Results
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FARO Technologies reported its Q3 2024 financial results, with revenue of $82.6 million, gross margin of 55.7%, and a non-GAAP EPS of $0.21, surpassing guidance. The company also repurchased $10 million in shares.
November 06, 2024 | 9:30 pm
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FARO Technologies reported strong Q3 2024 results with revenue of $82.6 million and a non-GAAP EPS of $0.21, both above guidance. The company also repurchased $10 million in shares, indicating confidence in its financial health.
FARO's financial results exceeded expectations with revenue and non-GAAP EPS above guidance, which is likely to positively impact the stock price. The share repurchase program further signals management's confidence in the company's future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100