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Why Cognex Shares Rose Nearly 6% Today

TheMotleyFool

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Shares in machine vision company Cognex (NASDAQ: CGNX) rose more than 6% as of midday on Friday. The news comes after a positive set of fourth-quarter results released after the closing bell on Thursday.

In a nutshell, the revenue of $244 million came in above the high end of the guidance range of $210 million to $230 million. Meanwhile, the outlook for the first quarter calls for low double-digit revenue growth on the same period of 2021.

Image source: Getty Images.

Source Fool.com

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