Movement Alert｜Cognex Overnight Decline 7.78%, shares pressured after quarterly earnings

Market Focus11-06 09:03

On November 6, Cognex fell 7.78% Overnight, trading at $45.99, with turnover of $89.79.

The move followed the company’s latest quarterly earnings release, after which investors focused on the durability of revenue recovery, the path of margin improvement, and the ramp pace of newer products.

Cognex reported fiscal third-quarter adjusted EPS of $0.53, up from $0.33 a year earlier and slightly above the $0.52 consensus, while revenue rose to $313.4 million from $276.9 million, roughly in line with expectations. For fiscal fourth quarter, the company guided to adjusted EPS of $0.37 to $0.41 and revenue of $270 million to $290 million. It also raised full-year adjusted EPS guidance to $1.68 to $1.72 from $1.64 to $1.68, and lifted full-year revenue guidance to $1.14 billion to $1.16 billion from $1.13 billion to $1.15 billion.

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