Cognex Moves

(This article originally appeared in the The Motley Fool's Evening News on Tuesday, April 15, 1997)

Machine vision systems company COGNEX CORP. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: CGNX)") else Response.Write("(Nasdaq: CGNX)") end if %> rose $2 1/2 to $23 1/8 on reporting Q1 revenues of $28.1 million and EPS of $0.15, beating estimates of $0.13. While revenues were down from a near record $34.9 million a year ago, investors continue to focus on sequential revenue gains in capital equipment industries selling into the semiconductor and electronics manufacturing markets. Cognex recorded a 6.3% sequential increase from last quarter's revenues. The company said it is seeing a pickup in demand from key customers and that it may recover earlier than expected in 1997 -- magic words for investors in these industries over the last six months.

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