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Cognex reported third-quarter revenue of $251.1 million, surpassing analysts’ and internal estimates for the period ending Sept. 27. The reported revenue of the Natick, Mass.-based machine vision systems developer and manufacturer represents a year-over-year increase of 37%.
Cognex additionally reported quarterly earnings per share (EPS) of 49 cents, and non-GAAP EPS of 47 cents. The figures are year-over year increases of 104% and 96%, respectively. Zacks Equity Research had listed the consensus mark for non-GAAP earnings per share at 33 cents.
“Our results for [quarter three] were very good and above our expectations,” said Robert Shillman, founder and chairman of Cognex. “We reported the…READ MORE