Novanta: Q2 Earnings Snapshot
Novanta Inc. (NOVT) on Tuesday reported net income of $20.9 million in its second quarter
By AP News
Published - Aug 08, 2023, 07:15 AM ET
Last Updated - May 06, 2024, 01:24 PM EDT
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.
