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Cognex Corp. (CGNX) Is Pulling Back After Q2 Report

Cognex Corp. (CGNX) reported second quarter income from continuing operations of $0.49 per share after the bell Monday, compared to $0.25 per share last year. Analysts expected EPS of $0.47. Revenues came in at $143,829,000. Analysts expected revenues of $150.13 million. Third quarter revenue is expected to be between $106 million and $109 million. The consensus estimate is for revenues of $143.96 million. The stock is now down 8.71 on 6K shares.

Cognex dipped in early trade Monday, before settling into a range. The stock finished with a loss of 0.32 at $44.95.

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