Novanta: 4Q Earnings Snapshot
BEDFORD, Mass. (AP) _ Novanta Inc. (NOVT) on Monday reported fourth-quarter earnings of $12.7 million.
On a per-share basis, the Bedford, Massachusetts-based company said it had profit of 35 cents. Earnings, adjusted for one-time gains and costs, were 53 cents per share.
The photonic and motion control components maker posted revenue of $147.5 million in the period.
For the year, the company reported profit of $44.5 million, or $1.25 per share. Revenue was reported as $590.6 million.
For the current quarter ending in April, Novanta expects its per-share earnings to range from 35 cents to 39 cents.
The company said it expects revenue in the range of $155 million to $157 million for the fiscal first quarter.
Novanta shares have climbed 12% since the beginning of the year. The stock has climbed 47% in the last 12 months.