LAKE MARY, Fla. (AP) _ Faro Technologies Inc. (FARO) on Wednesday reported a second-quarter loss of $6.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Lake Mary, Florida-based company said it had a loss of 37 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 14 cents per share.
The computer-aided measurement and imaging devices and software company posted revenue of $93.5 million in the period.
Faro Technologies shares have risen 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $51.51, a drop of 12% in the last 12 months.