Cognex Corp Reveals 98% Advance In Q1 Bottom Line

(RTTNews) - Cognex Corp (CGNX) reported a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line totaled $37.53 million, or $0.36 per share. This was up from $19.00 million, or $0.17 per share, in last year's first quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 40.3% to $134.94 million. This was up from $96.21 million last year.

Cognex Corp earnings at a glance:

-Earnings (Q1): $37.53 Mln. vs. $19.00 Mln. last year. -Earnings Growth (Y-o-Y): 97.5% -EPS (Q1): $0.36 vs. $0.17 last year. -EPS Growth (Y-o-Y): 111.8% -Analysts Estimate: $0.29 -Revenue (Q1): $134.94 Mln vs. $96.21 Mln last year. -Revenue Change (Y-o-Y): 40.3%

-Guidance: Next quarter revenue guidance: $165 - $170 Mln