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Cognex reported Q2 earnings of 23 cents, beating forecasts of 21 cents. Sales totaled $239 million but fell short of $240.39 million expectations. Strong growth in logistics and semiconductor markets noted amid broader declines. Analysts reduced price targets after earnings; Needham from $57 to $50. Cognex shares dropped 21.2% post-announcement, closing at $39.08.
- Cognex reported Q2 earnings of 23 cents, beating forecasts of 21 cents.
- Sales totaled $239 million but fell short of $240.39 million expectations.
- Strong growth in logistics and semiconductor markets noted amid broader declines.
- Analysts reduced price targets after earnings; Needham from $57 to $50.
- Cognex shares dropped 21.2% post-announcement, closing at $39.08.
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