Cognex Corp Q2 Profit Increases, Beats Estimates

(RTTNews) - Cognex Corp (CGNX) announced a profit for its second quarter that Increased from the same period last year and beat the Street estimates.

The company's earnings totaled $40.51 million, or $0.24 per share. This compares with $36.21 million, or $0.21 per share, last year.

Excluding items, Cognex Corp reported adjusted earnings of $42.56 million or $0.25 per share for the period.

Analysts on average had expected the company to earn $0.24 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 4.1% to $249.09 million from $239.29 million last year.

Cognex Corp earnings at a glance (GAAP) :

-Earnings: $40.51 Mln. vs. $36.21 Mln. last year. -EPS: $0.24 vs. $0.21 last year. -Revenue: $249.09 Mln vs. $239.29 Mln last year.

-Guidance: Next quarter EPS guidance: $0.24 - $0.29 Next quarter revenue guidance: $245 - $265 Mln