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Stocks F / Faro Technologies


Subject:  Very nice Q3 results Date:  11/3/2011  8:50 AM
Author:  ed697 Number:  1117 of 1163

"FARO Technologies, Inc. (NASDAQ:FARO - News) today announced results for the quarter ended October 1, 2011. Sales in the third quarter of 2011 increased 43.1%, to $64.8 million, from $45.3 million in the third quarter of 2010. The Company reported net income increased by 176% to $6.4 million, or $0.38 per share, in the third quarter of 2011, from $2.3 million, or $0.14 per share, in the third quarter of 2010."

"... We had solid revenue growth in all major product lines. In particular, the Focus Laser Scanner had exceptional growth, as sales of this highly disruptive product continued to exceed our expectations. In the third quarter, we increased production capacity and significantly reduced our backlog of laser scanner orders. We now expect to quote and deliver laser scanners within FARO's standard delivery cycle to meet continued demand growth."

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