Cyberoptics Corp (CYBE) Tops Q1 EPS by 10c, Revenues Beat
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CyberOptics Reports Strong First Quarter Results
April 23, 2020 4:00 PM EDTRecord Quarter-Ending Order Backlog of $24.8 Million
MINNEAPOLIS--(BUSINESS WIRE)--
CyberOptics Corporation (Nasdaq: CYBE) today reported sales of $16.4 million for the first quarter of 2020 ended March 31, an increase of 10% from $15.0 million in the first quarter of 2019. Net income for the first quarter of 2020 was $844,000 or $0.11 per diluted share, up significantly from $495,000 or $0.07 per diluted share in the year-earlier quarter.
Dr. Subodh Kulkarni, president and chief executive officer, commented, CyberOptics first quarter results were at the high end of our previously-issued guidance for this period. Our performance was generated by... More
