* Sees Q3 rev $74-$76 mln vs est $66.5 mln
* Says strong demand in factory automation market
Sept 27 Cognex Corp (CGNX.O), a maker of vision
sensors, raised its third-quarter revenue outlook, helped by
stronger-than-anticipated demand from its factory automation
Semiconductor, consumer goods, health care, and automotive
companies, among others, use Cognex's machine vision systems to
position and identify products, gauge sizes, and locate
The company now expects third-quarter revenue of $74-$76
million, up from ts prior estimates of revenue of $65-$68
Analysts on average were expecting revenue of $66.5 million
according to Thomson Reuters I/B/E/S.
The factory automation market contributed 69 percent to the
company's second-quarter revenue.
The company said seasonal softness in demand, especially
from factory automation customers, did not occur this year.
Shares of the Natick, Massachusetts-based company rose 11
percent to $25.49 in trading after the bell. They closed at
$22.89 Monday on Nasdaq. The company's shares have risen 7
percent in less than a month.
(Reporting by Divya Sharma in Bangalore; Editing by Jarshad