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%)