Cognex Corp (CGNX) reported a profit for its first quarter that increased from last year
The company's earnings came in at $23.6 million, or $0.14 per share. This compares with $12.0 million, or $0.07 per share, last year.
Excluding items, Cognex Corp reported adjusted earnings of $0.16 per share for the period.
The company's revenue for the period rose 2.5% to $216.0 million from $210.8 million last year.
Cognex Corp earnings at a glance (GAAP) :
-Earnings: $23.6 Mln. vs. $12.0 Mln. last year.-EPS: $0.14 vs. $0.07 last year.-Revenue: $216.0 Mln vs. $210.8 Mln last year.
-Guidance:Next quarter revenue guidance: $235 - $255 mln
Further, Cognex announced that Matt Moschner, President and Chief Operating Officer, will succeed Robert Willett as Chief Executive Officer on June 27, 2025.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.