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Cognex Announces First Quarter Results

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NATICK, Mass., April 21 -- Cognex Corp. has reported revenue of $27,485,000 for the first quarter ended April 4, 1999, compared to revenue of $40,056,000 for the first quarter of 1998. Net income for the first quarter of 1999 was $3,104,000, or $0.07 per diluted share, compared to $10,542,000, or $0.24 per diluted share, for the comparable period in 1998. Cognex designs and produces machine vision systems used in such areas as automated manufacturing and quality assurance. The decrease in capital equipment spending by manufacturers in the semiconductor and electronics industries from the...Read full article

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    Published: April 1999
    industrialNews & Features

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