Novanta: Q3 Earnings Snapshot

Associated Press Finance
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BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Novanta Inc. (NOVT) on Tuesday reported net income of $21.2 million in its third quarter.

The Bedford, Massachusetts-based company said it had net income of 59 cents per share. Earnings, adjusted for non-recurring costs, came to 85 cents per share.

The photonic and motion control components maker posted revenue of $221.5 million in the period.

For the current quarter ending in December, Novanta expects its per-share earnings to range from 59 cents to 66 cents.

The company said it expects revenue in the range of $208 million to $212 million for the fiscal fourth quarter.

Novanta expects full-year earnings in the range of $2.98 to $3.05 per share, with revenue ranging from $878 million to $882 million.

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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

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