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Recap: Novanta Q1 Earnings

Shares of Novanta (NASDAQ:NOVT) were unchanged at $87.91 after the company reported Q1 results. Quarterly Results Earnings per share fell 3.77% year over year to $0.51, which beat the estimate of $0.32.

Benzinga · 05/12/2020 11:14

Shares of Novanta (NASDAQ:NOVT) were unchanged at $87.91 after the company reported Q1 results.

Quarterly Results

Earnings per share fell 3.77% year over year to $0.51, which beat the estimate of $0.32.

Revenue of $155,468,000 lower by 1.09% from the same period last year, which beat the estimate of $142,610,000.

Looking Ahead

Novanta hasn't issued any earnings guidance for the time being.

Novanta hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: May 12, 2020

Time: 09:00 PM ET

Webcast URL: https://www.webcaster4.com/Webcast/Page/1767/32032

Price Action

Company's 52-week high was at $99.79

Company's 52-week low was at $66.44

Price action over last quarter: down 2.48%

Company Profile

Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in three segments: photonics, vision, and precision motion. The photonics segment, which sells photonics-based products that include carbon dioxide lasers, laser scanning, super-resolution imaging lasers, and laser beam delivery items, contributes the majority of revenue. The vision segment sells medical-grade technologies, including visualization solutions, imaging informatics products, and thermal printers. The precision motion segment sells optical encoders, motion control technology, and precision machined components. The firm generates the majority of its revenue from the United States and Europe.