FARO Technologies (FARO) shares were up more than 16% in recent trading Thursday following its Q1 results.
Earlier, the company reported Q1 non-GAAP earnings of $0.33 per diluted share, up from $0.09 a year earlier. Two analysts polled by FactSet expected $0.16.
Revenue for the quarter ended March 31 was $82.9 million, down from $84.2 million a year earlier. Two analysts polled by FactSet expected $80.2 million.
For Q2, the company expects non-GAAP EPS of $0.20 to $0.40 on revenue of $79 million to $87 million. Analysts were expecting $0.22 EPS on revenue of $82.8 million.
Price: 30.65, Change: +4.25, Percent Change: +16.10
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