CyberOptics Expects Second Quarter Earnings To Exceed Current Estimates.Business Editors & High Tech Writers MINNEAPOLIS--(BUSINESS WIRE)--June 7, 2000 Largest SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management Sensor Order in CyberOptics' History Further Solidifies Second Half Outlook CyberOptics Corporation (Nasdaq NMS See NetWare Management System. : CYBE) today announced that earnings for the second quarter of 2000 ending June June: see month. 30 are expected to exceed $.30 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share (pre-split basis), compared to current analyst estimates of $.24 to $.26 per share. In the first quarter of 2000, net income rose 141% to $1,333,000 or $0.24 per diluted share, from $552,000 or $0.11 per diluted share in the same quarter of 1999. On May 19, 2000, the Company declared a three-for-two split in the form of a stock dividend, payable June 15, 2000, to shareholders of record June 1. Second quarter revenues, which were initially anticipated to be relatively unchanged from the $13,509,000 reported in this year's first quarter, also are expected to show solid sequential quarterly growth. The Company expects to report operating results for the second quarter of 2000 during the third week of July July: see month. . The Company said its outlook for above-plan second quarter operating results is being driven by the across-the-board strength of its three product groups, with its SMT Sensor and Semiconductor Sensor units generating particularly strong growth. The Company also reported it has received an $8,000,000 order for SMT sensors
v. re·or·dered, re·or·der·ing, re·or·ders v.tr. 1. To order (the same goods) again. 2. To straighten out or put in order again. 3. To rearrange. v. is the largest single order in the Company's history. Steven K. Case, chairman and founder, commented: "Our anticipated above-plan second quarter results and large recent SMT Sensor order further increase our confidence in CyberOptics' outlook for the second half of 2000. We are benefiting from robust conditions in the SMT electronic assembly and semiconductor fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. equipment markets, and the new system and sensor products that we are introducing should enable CyberOptics to increase its participation in these markets going forward." CyberOptics Corporation is an optical technology leader that provides a growing range of yield and through-put enhancement tools to the SMT electronic assembly equipment and semiconductor fabrication equipment markets. Statements regarding the Company's anticipated performance in 2000 are forward-looking and therefore involve risks and uncertainties, including but not limited to: market conditions in the global electronics industry, competitive technologies, the commercial success of new system and sensor products, and other factors set forth in the Company's filings with the Securities and Exchange Commission |
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