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.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Earnings calendar for the week of August 2

Labor market conditions improved once again and jobless claims dropped to about 400,000 after rising last week, as economic activity picked up. Stocks rallied in the action-packed week and benchmark

IPO News: Here’s everything you need to know about Healthcare Royalty’s upcoming IPO

In the first half of 2021, a record number of private companies entered stock markets in the US, marking a multifold increase from the same period of 2021. The IPO

ExxonMobil (XOM) Earnings: Q2 numbers top expectations

Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top