Novanta's Fiscal Q1 Adjusted Net Income Unchanged Year Over Year, Revenue Rises; Q2 Guidance Set

MT Newswires Live
06 May

Novanta (NOVT) reported fiscal Q1 adjusted net income Tuesday of $0.74 per diluted share, unchanged from a year earlier.

Three analysts polled by FactSet expected $0.67.

Revenue for the quarter ended March 28 was $233.4 million, up from $230.9 million a year earlier.

The analysts surveyed by FactSet expected $233.3 million.

The company said it expects Q2 adjusted earnings of $0.68 to $0.78 per diluted share.

Three analysts surveyed by FactSet expect $0.75.

Novanta also said it expects revenue for the quarter of $230 million to $240 million.

The analysts polled by FactSet expect $240.7 million.

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