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Faro Technologies: 2Q Earnings Snapshot

July 24, 2019

LAKE MARY, Fla. (AP) _ Faro Technologies Inc. (FARO) on Wednesday reported a second-quarter loss of $6.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Lake Mary, Florida-based company said it had a loss of 37 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 14 cents per share.

The computer-aided measurement and imaging devices and software company posted revenue of $93.5 million in the period.

Faro Technologies shares have risen 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $51.51, a drop of 12% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FARO at https://www.zacks.com/ap/FARO

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