Cognex Q2 Adj EPS $0.32 Beats $0.28 Estimate, Sales $242.51M Beat $237.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cognex (NASDAQ:CGNX) reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.28 by 14.29%. However, this is a 21.95% decrease from the same period last year. The company also reported quarterly sales of $242.51 million, beating the analyst consensus estimate of $237.76 million by 2.00%, but this is a 11.69% decrease from the same period last year.
August 04, 2023 | 12:46 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cognex's Q2 earnings and sales beat estimates but are down from the same period last year.
While Cognex beat analyst estimates for Q2 earnings and sales, the year-on-year decreases in both metrics could potentially offset any positive sentiment from beating estimates. This could result in a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100