Reports Q2 revenue $242.51M, consensus $237.76M. “We delivered second quarter revenue at the top end of our expected range, gross margin in line with our guidance, and favorable operating expenses leading to a strong sequential step-up in operating margin,” said Robert J. Willett, CEO of Cognex. “However, these results are not representative of the business conditions we are experiencing in our markets, which continue to weaken further.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CGNX:
- Cognex (CGNX) Q2 Earnings Cheat Sheet
- Cognex price target raised to $47 from $46 at Credit Suisse
- Cognex initiated with a Neutral at CL King
Questions or Comments about the article? Write to editor@tipranks.com