Cognex Corp. (CGNX) Monday reported first-quarter net income of $15.6 million or $0.35 per share, up from $14.3 million or $0.33 per share last year.
Adjusted net income for the quarter improved to $0.40 per share from $0.38 per share last year.
Revenues for the quarter grew to $80.9 million from $77.7 million last year.
Analysts polled by Thomson Reuters expected the company to earn $0.33 per share on revenue of $79.62 million for the quarter. Analysts' estimates typically exclude one-time items.
Looking forward to the second quarter, Cognex expects revenues of $83 million to $86 million. Analysts currently estimate revenues of 84.56 million for the quarter.
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