Replies to post #270089 on Zeev's Turnips Patch-No Politics (ZEEV)

[roswald]

FARO Finally a stock I own is going up.


Faro Hits Record Sales in Second Quarter
Thursday July 15, 4:06 pm ET


LAKE MARY, Fla., July 15 /PRNewswire-FirstCall/ -- FARO Technologies, Inc. (Nasdaq: FARO - News) today reported sales of approximately $24.1 million, a record for any quarter, in the fiscal second quarter ended July 3, 2004, a 48.8% increase from approximately $16.2 million in the second quarter of 2003. The Company reported new order bookings of approximately $21.9 million during the second quarter, an increase of $5.7 million, or 35.2% compared with approximately $16.2 million in the year-ago quarter.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO )
Sales were highest in Europe at $10.8 million, an increase of $3.9 million, or 56.5% compared to $6.9 million in the second quarter of 2003. Sales in the Americas increased 27.2% to $10.3 million compared to $8.1 million in the second quarter of 2003. Sales in the Asia/Pacific region increased 130.8% to $3.0 million from $1.3 million in the second quarter of 2003.

"We are maintaining our sales forecast for 2004 at $90-$93 million, a 25%- 30% increase over $71.8 million in 2003, based on the 35.2% increase in new orders in the second quarter, and our historical cyclical sales pattern," said Simon Raab, Faro's President and CEO. "We intend to review our earnings guidance for 2004 in conjunction with our second quarter earnings release."

The Company expects to issue its complete earnings release for the second quarter of 2004 on August 4, 2004.