Cognex Corp. (NASDAQ:CGNX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Cognex Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 2.44% to $0.4 in the quarter versus EPS of $0.44 in the year-earlier quarter.
Revenue: Decreased 2.23% to $82.17 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cognex Corp. reported adjusted EPS income of $0.4 per share. By that measure, the company beat the mean analyst estimate of $0.35. It beat the average revenue estimate of $79.61 million.
Quoting Management: “We executed well in 2012,” said Robert J. Willett, Chief Executive Officer of Cognex. “We brought outstanding products to market and strengthened our position in fast-growing markets for machine vision. We also made significant progress in new product development and have an exciting schedule of product launches lined up. We believe that these achievements combined with better than expected results for the fourth quarter of 2012 give us good forward momentum heading into 2013.”
Key Stats (on next page)…