Cognex Q3 Profit Rises - Quick Facts

(RTTNews) - Cognex Corp. (CGNX) reported third-quarter net income of $20.73 million or $0.23 per share, compared to $17.80 million or $0.20 per share, last year. Adjusted net income was $22.23 million or $0.25 per share, for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts' estimates typically exclude special items.

Revenue rose to $90.79 million, from $80.08 million, a year ago. Analysts expected revenue of $90.00 million for the quarter.

Cognex expects its fourth-quarter revenue to be between $93 million and $96 million. Analysts expect the company to report fourth-quarter revenue of $94.75 million.