Needham analyst James Ricchiuti is keeping his Hold rating but lowers his FY19 and FY20 EPS views on Faro Technologies by 19c and 36c to (7c) and 64c respectively heading into its Q3 results. The analyst cites a weaker global economic backdrop and the "short-cycle nature" of the company's business, adding that it will struggle to grow its revenues amid slowing GDP and elevated trade concerns. Ricchiuti adds that while Faro Technologies management is working on a strategy to produce more predictable growth rates and margins, he expects the turnaround in execution to take some time.