Cyberoptics Corp (CYBE) Tops Q1 EPS by 10c, Revenues Beat

Cyberoptics Corp (NASDAQ: CYBE) reported Q1 EPS of $0.11, $0.10 better than the analyst estimate of $0.01. Revenue for the quarter came in at $16.4 million versus the consensus estimate of $15.51 million.

Dr. Subodh Kulkarni, president and chief executive officer, commented, “CyberOptics’ first quarter results were at the high end of our previously-issued guidance for this period. Our performance was generated by robust sales of 3D Multi-Reflection Suppression™ (MRS™) enabled SQ3000™ Multi-Function systems and 3D MRS sensors. We also recognized revenue from sales of both 2D and 3D MX memory module inspection systems. Having ended the first quarter with a record backlog, we believe the second quarter of 2020 should be another strong period for CyberOptics.”

He continued, “The Covid-19 pandemic has had a minimal impact on our business thus far, despite the resulting difficulties with global travel and shipping. We are closely monitoring this health crisis and its impact on our business in coming months.”

For earnings history and earnings-related data on Cyberoptics Corp (CYBE) click here.

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