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Cognex's margins slumped last quarter. The company, however, expects double-digit year-over-year growth in Q3 revenue.
Cognex Corporation (CGNX) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.32 per share a year ago.
NATICK, Mass. , July 31, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.075 per share, payable on August 29, 2024 to all shareholders of record at the close of business on August 15, 2024.
NATICK, Mass. , July 31, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today reported financial results for the second quarter of 2024.
Cognex (CGNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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NATICK, Mass. , July 12, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) will release earnings for the second quarter of 2024 on Wednesday, July 31, 2024, after market close.
Cognex has been struggling due to weak capex cycles in major end-markets, leading to a sharp reset in investor expectations for revenue and margins. Key end-markets like auto and consumer electronics remain soft, but semiconductor demand is picking up and logistics demand may have stabilized ahead of slow re-expansion in the coming years. Cognex is focusing on developing new markets for its machine vision products through initiatives to expand its salesforce and product portfolio, and long-term automation demand is underpinned by worker shortages.