Cognex (CGNX) Up about 10% after earnings

Cognex posted another record beating quarter and is up arround 10% in after hours trading!

"Revenue for Q2-17 grew 17% from Q2-16 and 28% from Q1-17. Growth year-on-year across a number of industries was partially offset by lower revenue from the consumer electronics industry. On a sequential basis, the largest contributions came from consumer electronics and logistics.

Research, Development & Engineering (RD&E) expenses increased 19% from Q2-16 and 3% from Q1-17. RD&E increased both year-on-year and sequentially due to higher employee-related costs, including the addition of new engineering personnel from the company’s recent acquisitions."…

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Glad I started my position yesterday. It is quite nice to get an 11+% bump within the first trading hour of owning shares of a stock.