Stock Track | Cognex Soars on Strong Q3 Earnings and Robust Outlook

Stock Track10-31 21:38

Cognex Corporation (NASDAQ: CGNX), a leading provider of machine vision solutions, saw its shares surge by 7.24% on October 31st, following the release of its third-quarter 2024 earnings report. The company reported impressive financial results, driven by robust demand across its core markets and successful strategic initiatives.

For the quarter ended September 30, 2024, Cognex delivered revenue of $234.74 million, up 19% year-over-year, surpassing analysts' expectations of $233.03 million. The company's performance was fueled by strong growth in the logistics, consumer electronics, and semiconductor markets, offsetting softness in the automotive and factory automation sectors.

On the profitability front, Cognex reported an adjusted earnings per share (EPS) of $0.20, beating the consensus estimate of $0.19. The company's adjusted EBITDA margin stood at a healthy 17.6%, within the guided range of 16% to 19%. Additionally, the adjusted gross margin remained solid at 68.7%, reflecting Cognex's effective pricing strategy and product value proposition.

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The ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CGNX","symbol_name":"康耐视科技","start_time":0,"source_url":"","article_id":"1160427448","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1160427448","pubTimestamp":1730381897,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Cognex Corporation , a leading provider of machine vision solutions, saw its shares surge by 7.24% on October 31st, following the release of its third-quarter 2024 earnings report. 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