Cognex Shares Rise After Q1 Beat-February 2024-www.financetom.com

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Cognex Shares Rise After Q1 Beat

May 2, 2024 7:19 AM

09:52 AM EDT, 05/02/2024 (MT Newswires) -- Cognex ( CGNX ) shares rose more than 6% in recent Thursday trading after the company's Q1 financial results topped estimates.

The company reported Q1 adjusted earnings Thursday of $0.11 per diluted share, down from $0.13 a year earlier.

Analysts polled by Capital IQ expected $0.08.

Revenue for the quarter ended March 31 was $210.8 million, up from $201.1 million a year earlier.

Analysts surveyed by Capital IQ expected $200.4 million.

The company said it expects Q2 revenue of $230 million to $245 million. Analysts surveyed by Capital IQ expect $234.5 million.

Price: 43.45, Change: +2.51, Percent Change: +6.13

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