FARO Technologies Inc. (NASDAQ: FARO), a leading provider of 3D measurement and imaging solutions, saw its stock soar 10.79% in after-hours trading on Monday. This surge followed the company's better-than-expected fourth-quarter results and an upbeat outlook for the current quarter.
In the fourth quarter of 2024, FARO reported revenue of $93.54 million, exceeding analysts' estimates of $91.4 million. Although sales declined by 5.4% year-over-year, the company's non-GAAP earnings per share came in at $0.50, surpassing the consensus estimate of $0.40 by 25%.
For the first quarter of 2025, FARO provided revenue guidance in the range of $77 million to $85 million, with the midpoint of $81 million aligning closely with analysts' expectations. Furthermore, the company's adjusted earnings per share guidance for the first quarter range of $0.10 to $0.30 exceeded analysts' estimates of $0.09.
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