Cyberoptics Corp (CYBE) Misses Q3 EPS by 3c, Revenues Beat

Cyberoptics Corp (NASDAQ: CYBE) reported Q3 EPS of $0.24, $0.03 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $20.8 million versus the consensus estimate of $20.1 million.

Dr. Subodh Kulkarni, president and chief executive officer, commented, “CyberOptics’ third quarter performance was driven by strong sales of Multi-Reflection Suppression™ (MRS™)-enabled 3D SQ3000™ Multi-Function inspection systems and 2D MX600™ memory module inspection systems to micro LED and memory customers. We believe CyberOptics has attained a leadership position in the high-growth markets for micro LED inspection and metrology and memory module inspection. In addition, our third quarter revenue growth benefited from robust sales of MRS-enabled 3D sensors to OEM customers. It also should be noted that our 3D MRS-enabled sensors for wafer level and advanced packaging applications were sold to several new customers in the third quarter.”

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15
• Movano (MOVE) Misses Q2 EPS by 195c