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Cognex Corporation Reports Third Quarter Results

Cognex Corporation (NASDAQ: CGNX) today announced its financial results for the third quarter of 2011. Revenue, net income, and net income per share for the quarter and nine months ended October 2, 2011, are compared to the prior quarter and the third quarter and first nine months of 2010 in Table 1 below.

Table 1

                   
     

 

Revenue

   

Net Income

   

Net Income per Diluted Share

Quarterly Comparisons

                 
Current quarter: Q3-11     $80,085,000     $18,037,000     $0.42
Prior year’s quarter: Q3-10     $74,993,000     $18,145,000     $0.45
Change from Q3-10 to Q3-11     7%     (1%)     (8%)
Prior quarter: Q2-11     $83,393,000     $19,097,000     $0.45
Change from Q2-11 to Q3-11     (4%)     (6%)     (6%)

Year to Date Comparisons

                 
Nine months ended Oct. 2, 2011     $237,872,000     $50,770,000     $1.19
Nine months ended Oct. 3, 2010     $205,771,000     $41,617,000     $1.05

Change from first nine months of2010 to first nine months of 2011

   

16%

   

22%

   

14%

 




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