Cognex Q4 Adj EPS $0.11 Beats $0.10 Estimate, Sales $196.67M Beat $188.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cognex (NASDAQ:CGNX) reported Q4 adjusted EPS of $0.11, surpassing the $0.10 estimate, and sales of $196.67M, exceeding the $188.59M estimate. However, this represents a 59.26% decrease in earnings and a 17.86% decrease in sales from the same period last year.
February 15, 2024 | 11:07 am
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Cognex reported higher-than-expected Q4 earnings and sales, with an EPS of $0.11 and sales of $196.67M, beating estimates. However, there's a significant decrease compared to last year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price, as it indicates better-than-expected financial health and performance. However, the significant year-over-year decrease in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism in the short term.
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