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Very why is the stock down over $3 today?


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.

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