Cognex Corp Q1 adjusted earnings Beat Estimates

(RTTNews) - Cognex Corp (CGNX) revealed earnings for first quarter that fell from last year.

The company's earnings totaled $37.22 million, or $0.21 per share. This compares with $45.47 million, or $0.25 per share, in last year's first quarter.

Excluding items, Cognex Corp reported adjusted earnings of $43.13 million or $0.24 per share for the period.

Analysts had expected the company to earn $0.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.0% to $169.57 million from $139.04 million last year.

Cognex Corp earnings at a glance:

-Earnings (Q1): $43.13 Mln. vs. $37.35 Mln. last year. -EPS (Q1): $0.24 vs. $0.21 last year. -Analysts Estimate: $0.20 -Revenue (Q1): $169.57 Mln vs. $139.04 Mln last year.

-Guidance: Next quarter revenue guidance: $200 - $210 Mln