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Demand for Consumer Tech, E-Commerce Propel Cognex to 'Fantastic Quarter'

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JAKE SALTZMAN, NEWS EDITOR
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Strong earnings in consumer technology, logistics, and e-commerce, highlighted by Greater-China-based customers generating a three-month, year-over-year revenue increase of more than 150%, propelled Cognex to a strong third quarter ending Sept. 27. The machine vision developer and manufacturer reported sequential improvements in its automotive and factory automation markets despite the difficult business environment, on its way to a quarterly revenue of more than $251 million. The company reported a year-over-year quarterly revenue increase of 37%. Cognex earnings per share (EPS)...Read full article

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    Companies
    Published: October 2020
    Glossary
    machine vision
    Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
    Cognexquarterquarterly earningsfinancialmachinemachine visionindustrialConsumerconsumer applicationsBusinessanalystsAmericasChinamanufacturingThe News Wire

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