Cognex Increases Revenue Guidance for the Third Quarter Prior to Analyst Day
Cognex Corporation (CGNX)
Last cognex corporation earnings: 4/27 04:05 pm
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Source: Business Wire
NATICK, Mass.--(BUSINESS WIRE)--Cognex Corporation (NASDAQ: CGNX) today announced that it has increased its revenue guidance for the third quarter of 2022 ahead of the company’s triennial Analyst Day. The company now 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.“We are pleased that our hard work to procure new components has enabled us to fulfill customer demand faster than we expected,” said Robert J. Willett, Chief Executive Officer of Cognex. “We have taken the unusual step of updating our guidance on this one occasion as we recover from the fire and because we intend to cite the updated revenue gui
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CGNX
Earnings
- 2/15/24 - Beat
CGNX
Sec Filings
- 3/21/24 - Form 3
- 3/19/24 - Form 4
- 3/15/24 - Form ARS
- CGNX's page on the SEC website