Faro Technologies (FARO) Misses Q1 EPS by 8c
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FARO Reports First Quarter 2015 Financial Results
April 28, 2015 4:05 PM EDTLAKE MARY, Fla., April 28, 2015 /PRNewswire/ -- FARO Technologies, Inc. (NASDAQ: FARO) today announced its financial results for the first quarter ended March 28, 2015.Â
The Company's first quarter 2015 sales of $69.9 million decreased 4.7% from $73.4 million in the first quarter of 2014. Excluding approximately $7.0 million of unfavorable foreign exchange impacts, the Company's first quarter 2015 sales would have increased approximately 5% as compared to the first quarter of 2014. Net income decreased $4.3 million, or 86.7%, to $0.7 million, or $0.04 per share, in the first quarter of 2015 from $5.0 million, or $0.29 per... More
