Cognex Corporation revised revenue guidance for the third quarter of 2022. For the period, the company expects revenue to be between $195 million and $205 million as compared to the company's previous guidance of $160 million to $180 million, which was given on August 2, 2022. This increase is primarily due to the company's ability to fulfill customer demand sooner than anticipated due to strong progress in replenishing component inventory destroyed in the previously disclosed fire at the company's primary contract manufacturer.
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
38.63 USD | -0.16% | -3.63% | -7.07% |
Mar. 20 | North American Morning Briefing : Markets on Hold -2- | DJ |
Mar. 19 | UBS Upgrades Cognex to Buy From Neutral, Adjusts Price Target to $54 From $42 | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-7.07% | 6.65B | |
+1.24% | 33.76B | |
+6.84% | 7.52B | |
+15.92% | 5.24B | |
+29.78% | 4.18B | |
-8.90% | 3.92B | |
+12.77% | 3.66B | |
-3.15% | 3.18B | |
-14.26% | 2.55B | |
-34.19% | 2.25B |
- Stock Market
- Equities
- CGNX Stock
- News Cognex Corporation
- Cognex Corporation Revises Revenue Guidance for the Third Quarter of 2022