UPDATE: Cognex Corp (CGNX) Misses Q1 EPS by 2c, Q2 Revenue Guidance Misses Views

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.

You May Also Be Interested In

• Key things to know ahead of SK Hynix’s blockbuster US listing
• Goldman Sachs Upgrades Amorepacific Corp (090430:KS) (AMRPF) to Buy
• Piper Sandler Reiterates Overweight Rating on Reddit (RDDT)