CyberOptics Reports Strong Fourth Quarter Operating Results
CyberOptics Corporation (CYBE)
Last cyberoptics corporation earnings: 2/19 04:00 pm
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Source: Business Wire
Fourth Quarter Sales of 3D MRS-Enabled Products Rose 61% Year-Over-Year MINNEAPOLIS--(BUSINESS WIRE)-- CyberOptics Corporation (Nasdaq: CYBE) today reported sales of $18.1 million for the fourth quarter of 2018 ended December 31, an increase of 37% from $13.2 million in the fourth quarter of 2017. Fourth quarter earnings totaled $1.2 million or $0.16 per diluted share, up substantially from $503,000 or $0.07 per diluted share in last year’s fourth quarter. For full-year 2018, sales totaled $64.7 million, an increase of 21% from $53.3 million in 2017. Earnings in 2018 came to $2.8 million or $0.39 per diluted share, up from earnings of $1.3 million or $0.19 per diluted share in 2017. Dr. Subodh Kulkarni, president and chief executive officer, commented: “CyberOptics’ improved fourth quarter operating results were driven in part by significantly higher sales of 3D Multi-Reflection Supp
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