Cascade Microtech, Inc. (CSCD) Tops Q3 EPS by 1c

Cascade Microtech, Inc. (NASDAQ: CSCD) reported Q3 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $35.8 million versus the consensus estimate of $36.99 million.

Cascade Microtech, Inc. sees Q4 2015 EPS of $0.22-$0.28, versus the consensus of $0.23. Cascade Microtech, Inc. sees Q4 2015 revenue of $37-40 million, versus the consensus of $39.6 million.

"We are encouraged by our improved financial results, despite our increased investments in research and development. We expect that thru these investments we will expand our served available markets, while maintaining our leadership position in the markets we serve," said Michael Burger, President and CEO. Mr. Burger continued, "Our third quarter performance continues to demonstrate the strength of our financial model and included records in Probes revenue, Systems gross margins, and operating income. Turning to the future, our backlog at the end of the third quarter was 18% higher than the same time last year. As a result, we are positioned for a strong fourth quarter which is traditionally our best quarter of the year."

For earnings history and earnings-related data on Cascade Microtech, Inc. (CSCD) click here.

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