Cognex Reports Fourth Quarter and Full Year 2019 Financial Results
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Cognex Corp (CGNX) Misses Q4 EPS by 3c, Revenues Beat; Offers Q1 Revenue Guidance Below Consensus
February 13, 2020 4:38 PM ESTCognex Corp (NASDAQ: CGNX) reported Q4 EPS of $0.11, $0.03 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $169.77 million versus the consensus estimate of $161.13 million.
Statement of Operations Highlights Fourth Quarter of 2019
Revenue decreased by 12% from Q4-18 and 7% from Q3-19. As expected, revenue declined year-on-year in logistics, as a result of a major customer delaying delivery of large orders for new sites until 2020, and due to lower revenue from both the consumer electronics and automotive industries. Revenue declined on a sequential basis due to the seasonal timing... More