Categories Earnings, Industrials

Cognex Corporation (NASDAQ: CGNX): Q3 2019 Earnings Snapshot

— Cognex Corporation (NASDAQ: CGNX) reported third-quarter 2019 earnings of $0.23 per share, vs. $0.21 per share expected.

— Total revenue fell 21% to $183.3 million, vs. $177.16 million expected. Revenues fell due to slowdown in customer spending in the automotive and consumer electronics markets.

— Gross margin of 74% in Q3.

— Revenue for 4Q19 expected between $155 million and $165 million. Gross margin expected in mid-70% range.

— CGNX shares have gained 42% since the beginning of this year.

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