Cyberonics Inc. (NASDAQ:CYBX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Cyberonics Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 38.24% to $0.47 in the quarter versus EPS of $0.34 in the year-earlier quarter.
Revenue: Rose 14.96% to $62.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cyberonics Inc. reported adjusted EPS income of $0.47 per share. By that measure, the company beat the mean analyst estimate of $0.38. It beat the average revenue estimate of $60.59 million.
Quoting Management: “We are very pleased with the sales results for the third quarter of fiscal 2013,” commented Dan Moore, Cyberonics’ President and Chief Executive Officer. “Our U.S. sales team continues to deliver solid results, with sales revenue totaling more than $50 million for the third consecutive quarter and increasing by 11% compared to the third quarter of fiscal 2012. Our latest generator, AspireHC™, continues to be well received by customers, reaching 20% of total U.S. unit sales for this quarter.”
Key Stats (on next page)…