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FARO Technologies Soars 12.95% on Strong Q1 Earnings
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 24, 2025 8:15 am ET1min read
FARO Technologies' stock surged 12.95% in pre-market trading on April 24, 2025, driven by strong first-quarter financial results.
FARO Technologies reported total sales of $82.9 million for the first quarter, a slight decrease of 1.6% year over year. However, the company's gross margin improved to 57.0%, up from 51.4% in the previous year. This margin expansion indicates better cost management and operational efficiency.
The company's earnings per share (EPS) for the quarter were $0.33, significantly beating analyst estimates of $0.16. This strong earnings performance reflects FARO Technologies' ability to generate profits despite a challenging market environment.
Looking ahead,
has provided guidance for the second quarter of 2025, anticipating revenue between $79 million and $87 million, with a gross margin ranging from 56.5% to 58.0%. This guidance suggests continued operational improvements and a positive outlook for the company's financial performance.
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