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Novanta: 2Q Earnings Snapshot

August 6, 2019

BEDFORD, Mass. (AP) _ Novanta Inc. (NOVT) on Tuesday reported second-quarter earnings of $10.4 million.

The Bedford, Massachusetts-based company said it had net income of 29 cents per share. Earnings, adjusted for one-time gains and costs, were 54 cents per share.

The photonic and motion control components maker posted revenue of $155.1 million in the period.

For the current quarter ending in October, Novanta expects its per-share earnings to range from 61 cents to 63 cents.

The company said it expects revenue in the range of $154 million to $156 million for the fiscal third quarter.

Novanta shares have climbed 23% since the beginning of the year. The stock has risen 19% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOVT at https://www.zacks.com/ap/NOVT

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