Cognex Q2 2024 Adj EPS $0.23 Beats $0.21 Estimate, Sales $239.00M Miss $240.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cognex (NASDAQ:CGNX) reported Q2 2024 adjusted EPS of $0.23, beating the estimate of $0.21. However, sales of $239.00M missed the $240.39M estimate and were down 1.45% year-over-year.
July 31, 2024 | 8:19 pm
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Cognex reported Q2 2024 adjusted EPS of $0.23, beating the estimate of $0.21. However, sales of $239.00M missed the $240.39M estimate and were down 1.45% year-over-year.
While Cognex's EPS beat expectations, the slight miss on sales and the year-over-year decline in revenue may neutralize the positive impact of the EPS beat. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100