Novanta: Q1 Earnings Snapshot
BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Novanta Inc. (NOVT) on Tuesday reported net income of $21.2 million in its first quarter.
The Bedford, Massachusetts-based company said it had profit of 59 cents per share. Earnings, adjusted for one-time gains and costs, came to 74 cents per share.
The photonic and motion control components maker posted revenue of $233.4 million in the period.
For the current quarter ending in June, Novanta expects its per-share earnings to range from 68 cents to 78 cents.
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