Cognex Reports Third Quarter Results

Cognex Corporation (NASDAQ: CGNX) today announced its financial results for the third quarter of 2012. Selected financial data for the quarter and nine months ended September 30, 2012, are compared to the second quarter of 2012, the third quarter of 2011 and the first nine months of 2011 in Table 1 below.
       

Table 1
   

 

Revenue
   

Net Income
 

Net Income per Diluted Share

Quarterly Comparisons
             
Current quarter: Q3-12   $80,076,000     $17,805,000   $0.41
Prior year’s quarter: Q3-11   $80,085,000     $18,037,000   $0.42
Change from Q3-11 to Q3-12   0%     (1%)   (3%)
Prior quarter: Q2-12   $84,326,000     $19,767,000   $0.45
Change from Q2-12 to Q3-12   (5%)     (10%)   (10%)

Year to Date Comparisons
             
Nine months ended Sept. 30, 2012   $242,111,000     $51,854,000   $1.19
Nine months ended Oct. 2, 2011   $237,872,000     $50,770,000   $1.19
Change from first nine months of 2011 to first nine months of 2012  

2%
   

2%
 

0%

A reconciliation of certain financial measures from GAAP to non-GAAP is shown in Exhibit 2.

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