CyberOptics Reports Impact of Weak Market Conditions on 2019 Revenue Outlook
CyberOptics Corporation (CYBE)
Last cyberoptics corporation earnings: 2/19 04:00 pm
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Source: Business Wire
Revises 2019 Second Quarter Revenue Guidance MINNEAPOLIS--(BUSINESS WIRE)--CyberOptics Corporation (Nasdaq CYBE) today announced that its second quarter and full-year 2019 operating results will be materially affected by the cyclical, industry-wide slowdown in demand for SMT and semiconductor capital equipment and continued uncertainty in the global trade environment.Orders for SMT and semiconductor products started to weaken during the second quarter. Despite strong year-over-year sales of 3D MRS-enabled SQ3000 AOI inspection systems, CyberOptics is now forecasting sales of $15.0-$15.2 million for the second quarter ending June 30, which would be at the low end of its previously-issued guidance of $15.0-$16.5 million for this period. Second quarter operating results will include sales of $1.1 million for MX600 memory module inspection systems.The impact of weakness in the SMT and semiconductor markets is causing CyberOptics to forecast sales of $12.0 to $13.5 million for the quart
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