Reports Q4 revenue $239.43M, consensus $245.72M. "Our fourth quarter results were in line with our guidance, but are not representative of our long-term growth expectations," said Robert J. Willett, CEO of Cognex. "We are navigating through a challenging business environment. A few of our largest e-commerce customers have paused most of their investments. At the end of 2022, we observed slower trends across our broader factory automation business, and we have seen this carry into the beginning of 2023."
Published first on TheFly
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