Novanta: 2Q Earnings Snapshot
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.