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Cognex -11% on sequential revenue drop

Apr. 29, 2019 5:00 PM ETCognex Corporation (CGNX) StockBy: Brandy Betz, SA News Editor7 Comments
  • Cognex (NASDAQ:CGNX) plunges 10.6% after Q1 beats with in-line Q2 guidance that has revenue of $190-200M and gross margin in the mid-70% range.
  • Revenue was up 2% Y/Y but down 10% Q/Q due to unfavorable exchange rates and a steeper than usual decline on "slowing business conditions."
  • Earnings call starts at 5 PM ET with a webcast here.
  • Press release.
  • Previously: Cognex beats by $0.01, beats on revenue (April 29)
  • Previously: Cognex declares $0.05 dividend (April 29)

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