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Penny Stock DD

Cognex Corp. said on Monday that its fiscal first-quarter profit surged 60 percent, beating Wall Street expectations, on strong demand for products such as barcode readers and other vision machines used to automate tasks in factories and warehouses.

Cognex also issued a second-quarter revenue forecast that topped analysts’ views, and its shares surged 12 percent in after-hours trading.

Cognex reported net income of $13.6 million, or 32 cents per share, for the three months ended April 3. That was up from a profit of $8.5 million, or 22 cents per share, in the same quarter a year ago.

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Regards,

Don

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