BUZZ-Cognex rises after upbeat Q2 forecast
Cognex Corporation
Cognex Corporation CGNX | 0.00 |
** Machine vision product maker Cognex's CGNX.O shares rise 13.9% to $70.94 premarket after upbeat Q2 forecast, Q1 results beat
** Co's Q1 rev of $268 mln and adj EPS of $0.34 both beat analyst expectations, driven by broad-based strength across major end markets
** CGNX forecast Q2 rev between $280 mln and $300 mln, with the midpoint above the consensus estimate of $270.3 mln, per LSEG data
** As of last close, CGNX stock up 73% YTD
