Cognex Q2 Profit Shrinks, Yet Beats View - Quick Facts

(RTTNews) - Cognex Corp. (CGNX) Monday reported second-quarter profit of $16.82 million or $0.38 per share, down from $19.77 million or $0.45 per share in the same period last year.

On average, five analysts polled by Thomson Reuters expected the company to earn $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved to $86.51 million from $84.33 million last year. Analysts expected revenues of $85.30 million.

Looking ahead to the third quarter, Cognex has forecast revenues in a range of $88 million to $91 million. Analysts currently expect third-quarter revenues of $87.49 million.