Cognex Reports Results for the First Quarter of 2020
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Cognex Corp (CGNX) Tops Q1 EPS by 3c; Provides Less-Specific Q2 Guidance
April 27, 2020 4:10 PM EDTCognex Corp (NASDAQ: CGNX) reported Q1 EPS of $0.11, $0.03 better than the analyst estimate of $0.08. Revenue for the quarter came in at $167.24 million versus the consensus estimate of $157.37 million.
Our Q1 results were in line with our guidance, but that is little comfort in these very challenging times, said Dr. Robert J. Shillman, Founder and Chairman of Cognex. The risks to our ongoing success have increased significantly due to the economic impact of the limitations on travel and other restrictive measures mandated by governments around the world in... More
