TECH - Cognex Dives into Vision Sensors and Optical Components Raises Dividend | Benzinga
Cognex Corp (NASDAQ: CGNX) reported a third-quarter FY23 revenue decline of 6% to $197.24 million, beating the consensus of $192.3 million.
Adjusted EPS was $0.16 (-24% YoY), beating the consensus of $0.14.
The gross margin was 72% in Q3 compared to 73% in 3Q22 due to a less favorable product and industry mix.
As of October 1, 2023, Cognex's financial position remained strong, with $846 million in cash and investments and no debt.
Cognex recorded a pre-tax gain of $2.8 million ...