Cognex reports Q3 adjusted EPS 20c, consensus 19c

Reports Q3 revenue $235M, consensus $233.03M. “Cognex (CGNX) generated third quarter revenue and adjusted EBITDA margin in line with our guidance,” said Robert Willett, CEO. “Revenue grew year-on-year on both a reported basis and excluding Moritex, led by continued strength in our Logistics and Semiconductor end markets. However, conditions across our broader factory automation business remain soft, with a further step-down in Automotive.”