Cognex (CGNX) Reports a Q1 Loss; Slashes Dividend

May 4, 2009 4:23 PM EDT

Cognex (Nasdaq: CGNX) reports Q1 loss of $0.05, in-line with the analyst estimate of ($0.05). Revenue for the quarter was $42.3 million, versus the consensus of $42.96 million.

Cognex also announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share, which represents a reduction of $0.10 from the $0.15 dividend paid in the prior quarter. The dividend is payable on June 19, 2009, to all shareholders of record at the close of business on June 5, 2009.


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