Cognex (NASDAQ:CGNX) reported its Q1 earnings results on Thursday, May 4, 2023 at 06:06 AM.
Here’s what investors need to know about the announcement.
Earnings
Cognex beat estimated earnings by 44.44%, reporting an EPS of $0.13 versus an estimate of $0.09.
Revenue was down $81.28 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.05 which was followed by a 12.96% drop in the share price the next day.
Here’s a look at Cognex’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.32 | 0.12 | 0.42 | 0.38 |
| EPS Actual | 0.27 | 0.21 | 0.41 | 0.42 |
| Revenue Estimate | 245.72M | 192.25M | 276.59M | 276.30M |
| Revenue Actual | 239.43M | 209.62M | 274.63M | 282.41M |
To track all earnings releases for Cognex visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
