Benzinga | Oct 27, 2021 06:02PM EDT

Faro Technologies: Q3 Earnings Insights

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 2020EPS Estimate 0.10 0.05 0.13 -0.23EPS Actual 0.12 -0.03 0.35 -0.08Revenue Estimate 82.18M 76.11M 79.28M 65.22MRevenue Actual 82.11M 76.33M 92.95M 70.74M

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