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Cognex Corp. (CGNX) Is Heading Lower After Q1 Sales Disappoint

Cognex Corp. (CGNX) reported first quarter EPS of $0.24 after the bell Monday, which topped the consensus estimate of $0.20. Revenues rose 22.0% to $169.57 million from $139.04 million last year. Analysts expected revenues of $171.56 million. The stock is now down 7.05 on 194K shares.

Cognex traded in a range throughout Monday's session and closed up by 0.04 at $46.25.

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