UPDATE: CyberOptics Raises Q3 Loss/Share Estimate to $0.12-0.17

CyberOptics Corporation

today announced that it is reducing its financial guidance for the third quarter of 2013 to a net loss of approximately $.12 to $.17 per diluted share, including a previously announced one-time income tax benefit of $300,000, on sales of roughly $8.7 million. Sales were below forecasted levels due to softness in the order rate for SMT inspection systems in the month of September, including slower than planned market acceptance of QX600 automated optical inspection systems. In addition, a previously anticipated $1 million order for SE500 solder paste inspection systems did not materialize in the quarter.