Novanta: 3Q Earnings Snapshot

November 5, 2019 GMT

BEDFORD, Mass. (AP) _ Novanta Inc. (NOVT) on Tuesday reported third-quarter net income of $8.9 million.

On a per-share basis, the Bedford, Massachusetts-based company said it had net income of 25 cents. Earnings, adjusted for one-time gains and costs, came to 53 cents per share.

The photonic and motion control components maker posted revenue of $154.1 million in the period.

For the current quarter ending in December, Novanta expects its per-share earnings to range from 52 cents to 54 cents.

The company said it expects revenue in the range of $156 million to $158 million for the fiscal fourth quarter.

Novanta shares have climbed 39% since the beginning of the year. The stock has increased 41% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOVT at https://www.zacks.com/ap/NOVT