Cognex Corp Reports 27% Retreat In Q1 Bottom Line

(RTTNews) - Cognex Corp (CGNX) reported earnings for first quarter that lost ground compared to the same period last year.

The company said its profit declined to $14.89 million, or $0.17 per share. This was down from $20.50 million, or $0.23 per share, in last year's first quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.1% to $96.21 million. This was down from $101.37 million last year.

Cognex Corp earnings at a glance:

-Earnings (Q1): $14.89 Mln. vs. $20.50 Mln. last year. -Earnings Decline (Y-o-Y): -27.4% -EPS (Q1): $0.17 vs. $0.23 last year. -EPS Decline (Y-o-Y): -26.1% -Analysts Estimate: $0.11 -Revenue (Q1): $96.21 Mln vs. $101.37 Mln last year. -Revenue Change (Y-o-Y): -5.1%

-Guidance: Next quarter revenue guidance: $135 - $140 Mln