Cognex Reports Results for the Third Quarter of 2018

 

October 29, 2018 04:06 PM Eastern Daylight Time

 

NATICK, Mass.--(BUSINESS WIRE)--Cognex Corporation (NASDAQ: CGNX) today announced financial results for the third quarter of 2018. Table 1 below shows selected financial data for Q3-18 compared with Q3-17 and Q2-18, and the first nine months of 2018 compared with the first nine months of 2017. All periods presented reflect the two-for-one stock split that occurred in Q4-17.

Cognex Reports Results for Q3 2018


         

Table 1*

(Dollars in thousands, except per share amounts)

Revenue

Net Income

Net Income
per Diluted
Share

Non-GAAP
Net Income
per Diluted
Share**

Quarterly Comparisons

Current quarter : Q3-18 $232,221 $80,436 $0.45 $0.39
Prior year’s quarter: Q3-17 $266,042 $102,493 $0.57 $0.51
Change: Q3-17 to Q3-18 (13%) (22%) (21%) (24%)
Prior quarter: Q2-18

$211,264

$56,196 $0.32 $0.31
Change: Q2-18 to Q3-18 10% 43% 41% 26%

Year-to-Date Comparisons

Nine months ended Sep. 30, 2018 $613,052 $173,849 $0.98 $0.88
Nine months ended Oct. 1, 2017 $583,161 $204,459 $1.14 $0.98
Change from first nine months of 2017 to first nine months of 2018 5% (15%) (14%) (10%)

See the full release

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