- 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)
Cognex -11% on sequential revenue drop
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About CGNX Stock
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Symbol | Last Price | % Chg |
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CGNX | - | - |
Cognex Corporation |