CyberOptics Expects Third Quarter Earnings To Exceed Analyst Estimates By Considerable Margin.MINNEAPOLIS--(BUSINESS WIRE)--Sept. 22, 1997-- Above-Plan Earnings Generated by Strong Sales, Enhanced Margins, Improved Manufacturing Efficiencies CyberOptics Corporation (Nasdaq National Market: CYBE) today announced that earnings for the third quarter of 1997 are expected to exceed the current range of published analyst estimates by a considerable margin. The Company said it currently expects to exceed third quarter analyst estimates of $.18-$.19 per share by at least 25%. In the third quarter of 1996, the Company reported a net loss of $.06 per share, reflecting the capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in the global surface mount (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 ) electronics market. Third quarter results are expected to be released during the third week of October. The Company attributed its expectation for above-plan third quarter earnings to strong demand for intelligent process control sensors, a shift in the sales mix sales mix See product mix. toward higher-margin sensor A device that measures or detects a real-world condition, such as motion, heat or light and converts the condition into an analog or digital representation. An optical sensor detects the intensity or brightness of light, or the intensity of red, green and blue for color systems. products, improved profit margins on SMT solder paste Solder paste (or solder cream) is a mix of small solder particles and flux. It is used extensively in the automated soldering processes wave soldering and reflow soldering. inspection systems, and continued improvements in manufacturing efficiencies and costs. Reflecting these same factors, the Company said the fourth quarter of 1997 is currently shaping up as another strong period. CyberOptics is a worldwide leader in the field of non-contact process management, based on proprietary laser and vision technologies and software. The Company's measurement and inspection products strengthen the yields, operating efficiencies and quality control of manufacturing that involves high-precision, wet or fragile components as well as high-speed processes. The Company operates in the global SMT and general industrial markets. Statements regarding the Company's anticipated performance are forward-looking and therefore involve risks and uncertainties, including but not limited to: market conditions in the global electronics industry, competitive products and technologies, and other factors set forth in the Company's filings with the Securities and Exchange Commission. CONTACT: CyberOptics Corp., Minneapolis Jack Beagan, V.P. Operations and Acting CFO See Chief Financial Officer. or Scott Larson, Controller 612/542-5000 |
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