Cognex, a maker of machine vision products used for manufacturing and automating tasks, smashed analyst estimates when it reported after the bell on Monday. Cognex earned $0.45 per share on strong demand for its products, when analysts were expecting $0.33. Revenue came in at $75 million. The company also increased its dividend from 6 cents to 8 cents per share.
Cognex was up over 7.5% in after hours trading.
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