Cyberoptics Corp (CYBE) Tops Q3 EPS by 6c

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Go back to Cyberoptics Corp (CYBE) Tops Q3 EPS by 6c

CyberOptics Reports Strong and Improved Third Quarter Operating Results

October 24, 2018 8:30 AM EDT

Sales Driven by Multi-Reflection Suppression (MRS) Products and WaferSense Sensors

MINNEAPOLIS--(BUSINESS WIRE)-- CyberOptics Corporation (Nasdaq: CYBE) today reported revenue of $16.7 million for the third quarter of 2018 ended September 30, an increase of 41% from $11.8 million in the year-earlier period. Third quarter 2018 net income totaled $1.1 million or $0.15 per diluted share, compared to the net loss of $72,000 or $0.01 per share in the third quarter of 2017.

Dr. Subodh Kulkarni, president and chief executive officer, commented: CyberOptics improved third quarter operating results were driven by significantly higher sales of 3D MRS-enabled products as well as... More