"The Company is performing extremely well. Our new products are creating strong demand, and we have more on the way in 2012. We're entering an exciting new era for the Company. We plan to introduce even more disruptive products as we go forward, and we will spend aggressively on R&D to drive our technology lead. FARO's market opportunity remains substantial and as a result, we believe that sales growth of 20 – 25% per year is an achievable target for the Company," Freeland concluded.http://finance.yahoo.com/news/FARO-Reports-Record-Results-pr...Ed
Very confused...so why is the stock down over $3 today?steve
Very confused...so why is the stock down over $3 today?steve Typically, in situations like this where a stock exceeds analyst expectations at earnings times, the stock drops because a good many of its investors were expecting it to exceed expectations by a considerably larger margin than it actually did.Seth Jayson had this to say: "Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FARO Technologies is outperform, with an average price target of $52.50."So the drop might also have something to do with this sentiment.Link to the above article: http://www.dailyfinance.com/2012/02/29/faro-technologies-out...
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