Cyberoptics Corp (CYBE) Misses Q1 EPS by 1c

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CyberOptics Reports First Quarter Operating Results

April 25, 2017 4:00 PM EDT

Reaffirms Previously-Issued Second Quarter Guidance for Sales of $16-$19 Million

MINNEAPOLIS--(BUSINESS WIRE)-- CyberOptics Corporation (Nasdaq: CYBE) today reported operating results for the first quarter of 2017 ended March 31.

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.... More