Novanta: Q1 Earnings Snapshot
Novanta Inc. (NOVT) on Tuesday reported profit of $18.3 million in its first quarter
By AP News
Published - May 09, 2023, 07:09 AM ET
Last Updated - Apr 05, 2024, 02:51 PM EDT
BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Novanta Inc. (NOVT) on Tuesday reported profit of $18.3 million in its first quarter.
On a per-share basis, the Bedford, Massachusetts-based company said it had net income of 51 cents. Earnings, adjusted for non-recurring costs, were 74 cents per share.
The photonic and motion control components maker posted revenue of $219.1 million in the period.
For the current quarter ending in June, Novanta expects its per-share earnings to range from 70 cents to 74 cents.
