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BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Novanta Inc. (NOVT) on Tuesday reported net income of $20.9 million in its second quarter.
The Bedford, Massachusetts-based company said it had net income of 58 cents per share. Earnings, adjusted for one-time gains and costs, were 80 cents per share.
The photonic and motion control components maker posted revenue of $229.5 million in the period.
For the current quarter ending in September, Novanta expects its per-share earnings to range from 70 cents to 77 cents.
The company said it expects revenue in the range of $221 million to $224 million for the fiscal third quarter.
Novanta expects full-year earnings in the range of $2.96 to $3.15 per share, with revenue ranging from $892 million to $902 million.
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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