Jim Cramer Blog

Faro Technologies (NASDAQ:FARO - News) shares leapt 13% after the company reported third-quarter earnings of $3.2 million, or 22 cents a share, up from a year-ago profit of $2.6 million, or 18 cents a share. The latest results include $900,000 in pre-tax expenses from follow-up on an internal investigation and patent litigation. Sales jumped 17.8% for the three months ended Sept. 30 to $38.4 million from $32.6 million in the same period a year earlier. Looking ahead, the Lake Mary, Fla., developer of measurement technology products maintained its outlook for sales of between $150 million to $157 million for 2006, and said it expects continued net income improvement in the fourth quarter.