A Sneak Peek At CyberOptics Corporation (CYBE) 2Q20 Earnings

CyberOptics Corporation (NASDAQ:CYBE) is expected to report second quarter earnings results, before market open, on Thursday 23rd July 2020.

Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.07 per share.

Looking ahead, the full year income are expected at $ 0.38 per share on the revenues of $ 66.54 million.

The Company Outlook

Revenue for 2Q20 are expected in a range of $ 15.50 million ~ $ 17.50 million

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Previous Quarter Performance

CyberOptics Corporation recorded income for the first quarter of $ 0.11 per share, from the revenue of $ 16.43 million. The quarterly earnings increased 57.14 percent while revenues escalated 9.68 percent compared with the same quarter last year. According to street consensus, revenue of $ 15.51 million was expected for the first quarter The top line results outshined analysts by $ 0.92 million or 5.93 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of CYBE was $ 38.53, representing a 221.62 % increase from the 52 week low of $ 11.98 and a 6.09 % decrease over the 52 week high of $ 41.03.

The company has a market capital of $ 276.54 million and is part of the Technology sector and Scientific & Technical Instruments industry.

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Conference Call

CyberOptics Corporation will be hosting a conference call at 9:00 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cyberoptics.com

CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.

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