Faro Technologies (NASDAQ:FARO) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Faro Technologies missed their estimated earnings by 116.67%, reporting an EPS of $-0.01 versus an estimate of $0.06, which surprised analysts.
Revenue was up $8,433,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02, which was followed by a 0.82% drop in the share price the next day.
Here’s a look at Faro Technologies’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.10 | 0.05 | 0.13 | -0.23 |
| EPS Actual | 0.12 | -0.03 | 0.35 | -0.08 |
| Revenue Estimate | 82.18M | 76.11M | 79.28M | 65.22M |
| Revenue Actual | 82.11M | 76.33M | 92.95M | 70.74M |
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