Cognex Corp (CGNX) Tops Q3 EPS by 7c, Q4 Revenue Guidance Misses

Cognex Corp (NASDAQ: CGNX) reported Q3 EPS of $0.29, $0.07 better than the analyst estimate of $0.22. Revenue for the quarter came in at $107.6 million versus the consensus estimate of $107.51 million.

Cognex Corp sees Q4 2015 revenue of $94-97 million, versus the consensus of $111.29 million.

• Cognex expects its growth rate in Q4 to be negatively impacted by deterioration in the industrial markets the company serves.
• Gross margin is expected to be in the mid-70% range.
• Operating expenses are expected to increase by approximately 5% on a sequential basis.
• The effective tax rate is expected to be 17.5% before discrete tax items.

For earnings history and earnings-related data on Cognex Corp (CGNX) click here.

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