Cognex Q3 2024 Adj EPS $0.20 Beats $0.19 Estimate, Sales $234.74M Beat $233.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cognex reported Q3 2024 earnings per share of $0.20, surpassing the analyst estimate of $0.19. The company's sales reached $234.74 million, exceeding the expected $233.03 million and marking a 19.01% increase from the previous year.
October 30, 2024 | 8:40 pm
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Cognex's Q3 2024 earnings per share of $0.20 exceeded expectations, as did their sales of $234.74 million, which represents a significant year-over-year increase.
Cognex's earnings and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. The significant year-over-year sales growth further supports a positive short-term outlook for the stock.
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