AP NEWS

Novanta: 3Q Earnings Snapshot

November 6, 2018

BEDFORD, Mass. (AP) _ Novanta Inc. (NOVT) on Tuesday reported third-quarter profit of $14.6 million.

On a per-share basis, the Bedford, Massachusetts-based company said it had net income of 60 cents. Earnings, adjusted for non-recurring costs, came to 61 cents per share.

The photonic and motion control components maker posted revenue of $160.8 million in the period.

Novanta expects full-year earnings in the range of $2.07 to $2.12 per share, with revenue in the range of $610 million to $614 million.

Novanta shares have climbed 24 percent since the beginning of the year. The stock has climbed 17 percent 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

AP RADIO
Update hourly