Cognex Stock Gets a Bump on Better-Than-Expected Results
Expectations were low going into Cognex's (NASDAQ: CGNX) second-quarter financial report. The machine-vision leader had signaled that 2019 would be a challenging year, due to slower growth in China and weakness in two of the major industries the company serves.
Investors breathed a sigh of relief when the results weren't as bad as expected, sending the shares up more than 8% in the wake of Monday's report. Let's dig a little deeper into the results to see what sparked the boost of enthusiasm for the company.
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