Novanta: 3Q Earnings Snapshot
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.