Cognex Corp (CGNX) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $28.35 million, or $0.16 per share. This compares with $11.23 million, or $0.07 per share, last year.
Excluding items, Cognex Corp reported adjusted earnings of $35.01 million or $0.20 per share for the period.
Analysts on average had expected the company to earn $0.16 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 16.8% to $229.68 million from $196.67 million last year.
Cognex Corp earnings at a glance (GAAP) :
-Earnings: $28.35 Mln. vs. $11.23 Mln. last year.
-EPS: $0.16 vs. $0.07 last year.
-Revenue: $229.68 Mln vs. $196.67 Mln last year.
-Guidance:
Next quarter revenue guidance: $200 - $220 Mln
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