Cognex Delivers Weak Results As Challenges Remain
Investors had extremely muted expectations going into Cognex's (NASDAQ: CGNX) third-quarter financial report. The machine-vision leader made no secret that it would face challenges in 2019, not the least of which was the uncertainty resulting from the U.S. trade war with China.
Cognex delivered results that were in line with its forecast but cited "persistent global economic uncertainty and trade conflicts" as negatively affecting its results, particularly in Europe and China.
A robotic arm using machine vision in cellphone manufacturing. Image source: Getty Images.
Source Fool.com
