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Novanta: 2Q Earnings Snapshot

BEDFORD, Mass. (AP) _ Novanta Inc. (NOVT) on Wednesday reported second-quarter earnings of $11 million.

The Bedford, Massachusetts-based company said it had net income of 32 cents per share. Earnings, adjusted for one-time gains and costs, were 51 cents per share.

The photonic and motion control components maker posted revenue of $150.4 million in the period.

For the current quarter ending in October, Novanta expects its per-share earnings to range from 50 cents to 53 cents.

The company said it expects revenue in the range of $153 million to $156 million for the fiscal third quarter.

Novanta expects full-year earnings in the range of $1.96 to $2.02 per share, with revenue ranging from $600 million to $607 million.

Novanta shares have risen 34 percent since the beginning of the year. The stock has increased 75 percent 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