Cognex beats by $0.03, beats on revs; guides Q2 EPS above consensus, revs above consensus

Briefing.com

Posted: 2008-04-28 16:31:43

Reports Q1 (Mar) earnings of $0.20 per share, $0.03 better than the First Call consensus of $0.17; revenues fell 7.4% year/year to $60.5 mln vs the $59.9 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.20-0.24 vs. $0.20 consensus; sees Q2 revs of $65-68 mln vs. $63.14 mln consensus. "Gross margin is expected to be in the low-70% range."