Faro Technologies: 4Q Earnings Snapshot

Posted at 5:11 PM, Feb 19, 2019
and last updated 2019-02-19 17:11:28-05

LAKE MARY, Fla. (AP) — Faro Technologies Inc. (FARO) on Tuesday reported fourth-quarter net income of $5.8 million, after reporting a loss in the same period a year earlier.

The Lake Mary, Florida-based company said it had net income of 33 cents per share. Earnings, adjusted for one-time gains and costs, came to 50 cents per share.

The computer-aided measurement and imaging devices and software company posted revenue of $112.8 million in the period.

For the year, the company reported net income of $4.9 million, or 29 cents per share, swinging to a profit in the period. Revenue was reported as $403.6 million.

Faro Technologies shares have risen 18 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $47.92, a drop of nearly 8 percent in the last 12 months.


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