Noble Financial Downgrades Faro Technologies (FARO) to Sell

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Go back to Noble Financial Downgrades Faro Technologies (FARO) to Sell

FARO Reports Preliminary First Quarter 2015 Sales

April 17, 2015 4:05 PM EDT

LAKE MARY, Fla., April 17, 2015 /PRNewswire/ -- FARO Technologies, Inc. (NASDAQ: FARO) today announced preliminary, unaudited sales for its first quarter of 2015.  The Company expects to report quarterly sales of approximately $70 million for the first quarter ended March 28, 2015, a decrease of approximately 5% from the same quarter last fiscal year.  This decrease is principally due to the following negative effects, which were partially offset by strong units sold growth in the Europe/Africa region of Laser Tracker and Laser Scanner:

negative foreign exchange impact of... More