Cyberoptics Corp (CYBE) Misses Q3 EPS by 3c, Revenues Beat
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CyberOptics Reports Strong Third Quarter Results
October 22, 2020 4:00 PM EDTGrowth Driven by Robust Sales to Micro LED and Memory Customers
MINNEAPOLIS--(BUSINESS WIRE)-- CyberOptics Corporation (Nasdaq: CYBE) today reported sales of $20.8 million for the third quarter of 2020 ended September 30, an increase of 68% from $12.4 million in the third quarter of 2019. Net income for the third quarter of 2020 was $1.8 million or $0.24 per diluted share, compared to the net loss of $353,000 or $0.05 per share in the year-earlier period.
Dr. Subodh Kulkarni, president and chief executive officer, commented, CyberOptics third quarter performance was driven by strong sales of Multi-Reflection Suppression (MRS)-enabled 3D SQ3000... More
