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Novanta: 1Q Earnings Snapshot

BEDFORD, Mass. (AP) _ Novanta Inc. (NOVT) on Tuesday reported first-quarter net income of $12.3 million.

On a per-share basis, the Bedford, Massachusetts-based company said it had net income of 35 cents. Earnings, adjusted for non-recurring costs, were 53 cents per share.

The photonic and motion control components maker posted revenue of $157.2 million in the period.

For the current quarter ending in July, Novanta expects its per-share earnings to range from 53 cents to 55 cents.

The company said it expects revenue in the range of $153 million to $155 million for the fiscal second quarter.

Novanta expects full-year earnings in the range of $2.36 to $2.42 per share.

Novanta shares have climbed 39% since the beginning of the year. The stock has increased 47% 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