Cognex sees disruption amid Covid-19 uncertainty
Cognex's revenue declined 4 per cent in Q1-20, but said the Covid-19 outbreak had only a modest adverse impact on business in the quarter. It expects further decline in Q2-20
Cognex's revenue declined 4 per cent in Q1-20, but said the Covid-19 outbreak had only a modest adverse impact on business in the quarter. It expects further decline in Q2-20
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Cognex expects the decline in revenue to continue into the first quarter of 2020, because of weakness in automotive and the estimated impact of the coronavirus outbreak
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The result reflects lower sales to customers in consumer electronics, particularly smartphone manufacturing. Revenue from automotive and other industrial markets also continued to weaken
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Cognex expects its revenue to continue to decline in the third quarter 2019, because of lower revenue predicted from consumer electronics and weakness in Europe and Asia
Cognex's revenue in the first quarter of 2019 was $173.5 million, an increase of 2 per cent from Q1-18 but a decline of 10 per cent from Q4-18
Basler’s sales in 2018 remained the same as in 2017, amounting to €150.0 million
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