Faro Technologies (FARO Quote) ramped up second-quarter earnings more than sixfold year over year to 39 cents a share, or $5.8 million, and women's-apparel retailer Cache (CACH Quote) reported a 6% climb in July same-store sales. The New York-based company also said it will buy back up to a million of its shares.
Florida-based Faro, which makes computerized measurement devices, soared nearly 24% to $37.33. Cache bounced 12.4% at $17.28. On the flip side, industrial-equipment distributor DXP Enterprises (DXPE Quote) plummeted 25.5% on a wide earnings miss for the second quarter. The Houston-based company made 56 cents a share, or a nickel more than it did last year, but two analysts had called for 67 cents. Shares were changing hands at $33. LCA-Vision (LCAV Quote) also fell far short for the second quarter with income of just $7.4 million, or 36 cents a share, on revenue of $69.7 million. The Street was looking for 44 cents a share on sales of $74 million. The Cincinnati-based company also shaved its full-year outlook down to a profit of $1.90 to $2 a share vs. prior guidance of $2.05 to $2.15 a share. Analysts are seeking $2.11 a share. Shares of LCA-Vision, which operates laser-eye-surgery centers, fell $7.24, or 16.8%, to $35.75 in recent trading.- Loading Comments...
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