UPDATE: Cognex Corp (CGNX) Misses Q1 EPS by 2c, Q2 Revenue Guidance Misses Views
(Updated - April 30, 2018 4:39 PM EDT)
Cognex Corp (NASDAQ: CGNX) reported Q1 EPS of $0.18, $0.02 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $169.57 million versus the consensus estimate of $171.56 million.
- Revenue for Q2-18 is expected to be between $200 million and $210 million, which represents growth between 12% and 18% year-on-year.
- Gross margin is expected to be in the mid-70% range, which is Cognex’s target range for gross margin under the new revenue recognition standard.
- Operating expenses are expected to be essentially flat on a sequential basis.
- The effective tax rate is expected to be 15% before discrete tax items.
(Street sees Q2 revenue of $216.08 million)
For earnings history and earnings-related data on Cognex Corp (CGNX) click here.