Novanta Inc. (NOVT) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS
Novanta Inc. (NASDAQ:NOVT) announced its earnings results on Wednesday. The technology company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.08, Bloomberg Earnings reports. The company had revenue of $146.30 million during the quarter, compared to the consensus estimate of $132.10 million. Novanta had a net margin of 13.86% and a return on equity of 17.11%. The firm’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. Novanta updated its FY17 guidance to $1.54-1.58 EPS.
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Novanta Company Profile
Novanta Inc, formerly GSI Group Inc, designs, develops, manufactures and sells precision photonic and motion control components and subsystems. The Company’s segments are Photonics, Vision and Precision Motion. The Photonics segment designs, manufactures and markets photonics-based solutions, including carbon dioxide (CO2) laser sources, laser scanning and laser beam delivery products, to customers around the world.
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