Cognex Corp Q3 Profit Rises 107%

(RTTNews) - Cognex Corp (CGNX) announced earnings for its third quarter that rose compared to the same period last year.

The company said its bottom line rose to $104.11 million, or $1.19 per share. This was up from $50.40 million, or $0.57 per share, in last year's third quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 30.3% to $107.59 million. This was down from $154.36 million last year.

Cognex Corp earnings at a glance:

-Earnings (Q3): $104.11 Mln. vs. $50.40 Mln. last year. -Earnings Growth (Y-o-Y): 106.6% -EPS (Q3): $1.19 vs. $0.57 last year. -EPS Growth (Y-o-Y): 108.8% -Analysts Estimate: $0.22 -Revenue (Q3): $107.59 Mln vs. $154.36 Mln last year. -Revenue Change (Y-o-Y): -30.3%

-Guidance: Next quarter revenue guidance: $94 - $97 Mln