Cyberonics slips despite posting an FQ1 earnings beat

|By:, SA News Editor

Cyberonics (CYBX -2.9%) slips despite an FQ1 earnings beat.

EPS were Up 26% from the same quarter last year.

Sales were Up 12% year over year, led by strength in Europe.

Worldwide unit sales +9.8%.

Record U.S. net product sales of $56.4M, +10.8%.

For FY14, the company reaffirms its outlook of sales in the range of $279M - $283M and EPS of $1.93 - $2.01, splitting the Street view of $281M in sales on earnings of $1.98 per share.