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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.
The company said it expects revenue in the range of $222 million to $225 million for the fiscal second quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a NOVT">Zacks stock report on NOVT at https://www.zacks.com/ap/NOVT