Cognex reports Q3 adjusted EPS 33c, consensus 29c

Reports Q3 revenue $277M, consensus $261.89M. “I’m pleased to report Q3 was another strong quarter for Cognex (CGNX),” said Matt Moschner, President and CEO. “We delivered outstanding financial results, which reflect our commitment to profitable growth and disciplined execution. At the same time, we remain focused on advancing our strategic objective: to be the leading provider of AI technology for industrial machine vision. Additionally, we continued to execute our salesforce transformation, acquiring new customers in underpenetrated verticals such as Packaging, using our easy-to-use, AI-enabled products.”