Cyberoptics Corp (CYBE) Misses Q1 EPS by 1c

Cyberoptics Corp (NASDAQ: CYBE) reported Q1 EPS of ($0.03), $0.01 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $11.9 million versus the consensus estimate of $11.79 million.

• Consistent with previously issued guidance, sales totaled $11.9 million, compared to $19.1 million in the first quarter of 2016. Revenue in the year-earlier period was particularly strong, driven by $2.5 million of sales of MX600 memory module inspection systems, follow-on orders of $4.0 million for SQ3000 3D MRS-enabled automated optical inspection (AOI) systems, and robust orders for legacy and 3D MRS-enabled sensors.
• CyberOptics reported a net loss of $214,000 or $0.03 per share in the first quarter of 2017, compared to earnings of $2.3 million or $0.33 per diluted share in the year-earlier period.

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

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