Cognex reports Q1 adjusted EPS 16c, consensus 13c

Reports Q1 revenue $216M, consensus $212.3M. Commenting on first-quarter performance, CEO Willett said, “We delivered revenue growth of 5% on a constant-currency basis, driven by continued strength in our Logistics and Semiconductor businesses. Despite increasing economic uncertainty, we maintained momentum as we concluded the first quarter, a trend that has persisted through April. However, the Automotive market continues to experience a downturn.”