By Chris Wack
FARO Technologies shares were up 15%, to $30.38, after the company swung to a first-quarter profit.
The Lake Mary, Fla., digital-reality technology company said Thursday that it had quarterly earnings of $906,000, or 5 cents a share, compared with a loss of $7.27 million, or 38 cents a share, in the same quarter last year.
Sales for the quarter were $82.9 million, compared with last year's $84.2 million.
Adjusted earnings were 33 cents a share, compared with last year's 9 cents a share.
For the second quarter, FARO is expecting revenue of $79 million to $87 million. It is also expecting its bottom line to range from a loss of 20 cents a share to flat, and said it estimates adjusted earnings of 20 cents to 40 cents a share.
The company said quarterly results exceeded its expectations, and reflect "successful execution" of its strategic growth initiatives.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
April 24, 2025 10:19 ET (14:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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