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Cyberonics slips despite posting an FQ1 earnings beat

  • 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.

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