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Author: Varlot One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1162  
Subject: Re: Tomorrow will be a good day! Date: 2/29/2012 2:39 PM
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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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