It hasn't been an easy year for companies with significant exposure to the automotive and consumer electronics industries, which happen to be Cognex's (NASDAQ: CGNX) two largest end markets. There wasn't a lot wrong with the machine vision specialist's second-quarter earnings, but the outlook for the third quarter is disappointing, and investors will likely to have to wait until 2020 before seeing any signs of improvement.
Starting with the headline figures from the quarter:
As you can see, the second quarter was satisfactory on a headline basis, but the concern is over the third-quarter guidance and management's commentary and outlook for the rest of the year.
Quelle Fool.com