Cognex Corp (CGNX) Tops Q3 EPS by 1c

Cognex Corp (NASDAQ: CGNX) reported Q3 EPS of $0.57, $0.01 better than the analyst estimate of $0.56. Revenue for the quarter came in at $0 versus the consensus estimate of $168.6 million.

Cognex Corp sees Q4 2014 revenue of $111-114 million, versus the consensus of $113.11 million.

“What a spectacular quarter!” exclaimed Dr. Robert J. Shillman, Chairman of Cognex. “Cognex reported record-breaking financial results with the highest quarterly revenue, net income and earnings per share in our 33-year history. We were also fabulously profitable, as operating margin expanded to 35%, despite the significant investments we made during the quarter. This achievement reflects the substantial leverage that we have in our business model.”

“We are proud of our outstanding performance in the third quarter. Thanks to significant revenue from our largest customer, we were able to turn a very strong quarter into a truly remarkable one,” said Robert J. Willett, Chief Executive Officer of Cognex. “During the quarter we once again saw the benefit of our engineering investments with the introduction of a number of exciting new products. We expect that our continued investment in innovation will fuel future profitable growth. This is a very exciting time to be at Cognex.”

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

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