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Novanta: 3Q Earnings Snapshot

BEDFORD, Mass. (AP) _ Novanta Inc. (NOVT) on Tuesday reported third-quarter profit of $14.6 million.

On a per-share basis, the Bedford, Massachusetts-based company said it had net income of 60 cents. Earnings, adjusted for non-recurring costs, came to 61 cents per share.

The photonic and motion control components maker posted revenue of $160.8 million in the period.

Novanta expects full-year earnings in the range of $2.07 to $2.12 per share, with revenue in the range of $610 million to $614 million.

Novanta shares have climbed 24 percent since the beginning of the year. The stock has climbed 17 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