Will Macro Issues Continue to Drag on Cognex's Q2 Earnings Results?
Machine-vision leader Cognex Corporation (NASDAQ: CGNX) finally succumbed to weakness in China and a slowdown in the automotive industry in the first quarter. While management usually foregoes full-year guidance, the news that year-over-year revenue would decline sent investors running for cover, with the stock shedding more than 6% on the day following its earnings release.
Cognex will once again make its case directly to investors during its quarterly update, as the company is scheduled to report the financial results of its second quarter after the market close on Monday, July 29. Let's recap the company's first-quarter numbers and what management had to say to see if it provides any insight into what investors should expect when Cognex reports Q2 earnings.
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