Cognex Corp Profit Rises 19% In Q2

(RTTNews) - Cognex Corp (CGNX) announced earnings for its second quarter that rose from last year.

The company said its bottom line totaled $50.29 million, or $0.56 per share. This was higher than $42.37 million, or $0.49 per share, in last year's second quarter.

Analysts had expected the company to earn $0.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.4% to $172.90 million. This was up from $147.27 million last year.

Cognex Corp earnings at a glance:

-Earnings (Q2): $50.29 Mln. vs. $42.37 Mln. last year. -Earnings Growth (Y-o-Y): 18.7% -EPS (Q2): $0.56 vs. $0.49 last year. -EPS Growth (Y-o-Y): 14.3% -Analysts Estimate: $0.54 -Revenue (Q2): $172.90 Mln vs. $147.27 Mln last year. -Revenue Change (Y-o-Y): 17.4%

-Guidance: Next quarter revenue guidance: $250 - $260 Mln