Cognex Reports Results for the First Quarter of 2019
Cognex Corporation (NASDAQ: CGNX) today announced financial results for the first quarter of 2019. Table 1 below shows selected financial data for Q1-19 compared with Q1-18 and Q4-18.
“Our Q1 results were in line with our guidance and we set a new first-quarter revenue record,” said Dr. Robert J. Shillman, Founder and Chairman of Cognex. “However, slower business conditions have dampened our expectations for growth in the near term. Nevertheless, our products are a key element of factory automation and logistics, which we believe are both growth markets, and we remain optimistic about Cognex’s future over the long term.”