Cognex Corp Q2 adjusted earnings Beat Estimates

(RTTNews) - Cognex Corp (CGNX) announced a profit for second quarter that fell from last year.

The company's earnings came in at $48.75 million, or $0.28 per share. This compares with $56.20 million, or $0.32 per share, in last year's second quarter.

Excluding items, Cognex Corp reported adjusted earnings of $56.66 million or $0.27 per share for the period.

Analysts had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.8% to $199.05 million from $211.26 million last year.

Cognex Corp earnings at a glance:

-Earnings (Q2): $56.66 Mln. vs. $62.94 Mln. last year. -EPS (Q2): $0.27 vs. $0.31 last year. -Analysts Estimate: $0.23 -Revenue (Q2): $199.05 Mln vs. $211.26 Mln last year.

-Guidance: Next quarter revenue guidance: $175 - $185 Mln