Cyberoptics Corp (CYBE) Tops Q3 EPS by 18c

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Go back to Cyberoptics Corp (CYBE) Tops Q3 EPS by 18c

CyberOptics Reports Strong Third Quarter Year-Over-Year Sales and Earnings Growth

October 25, 2016 4:00 PM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- CyberOptics Corporation (Nasdaq: CYBE) today reported operating results for the third quarter of 2016 ended September 30.

Third quarter sales increased 51% to $15.0 million from $9.9 million in the third quarter of 2015. Third quarter earnings totaled $1.2 million or $0.16 per diluted share, compared to the loss of $514,000 or $0.08 per share in the year-earlier period.

Dr. Subodh Kulkarni, president and chief executive officer, commented: Our strong operating results in this years third quarter, which were consistent with our previously-issued forecast, were generated by robust sales of... More