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Novanta's Fiscal Q2 Adjusted Earnings Fall, Revenue Rises; Q3, 2024 Guidance Issued
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Novanta's Fiscal Q2 Adjusted Earnings Fall, Revenue Rises; Q3, 2024 Guidance Issued
Aug 6, 2024 6:16 AM

08:52 AM EDT, 08/06/2024 (MT Newswires) -- Novanta ( NOVT ) reported fiscal Q2 adjusted earnings Tuesday of $0.73 per diluted share, down from $0.80 a year earlier.

Three analysts polled by Capital IQ expected $0.69.

Revenue for the quarter ended June 28 was $235.9 million, up from $229.5 million a year earlier.

Three analysts surveyed by Capital IQ expected $233.6 million.

For Q3, the company said it expects adjusted diluted EPS of $0.85 to $0.89. Three analysts polled by Capital IQ expect $0.86. Revenue for the quarter is expected to be roughly $241 million to $244 million. Three analysts surveyed by Capital IQ expect $251.1 million.

For the full-year 2024, Novanta ( NOVT ) said it expects adjusted diluted EPS of $3.20 to $3.35. Three analysts polled by Capital IQ expect $3.25. Revenue for the year is expected to be roughly $975 million. Three analysts surveyed by Capital IQ expect $980.6 million.

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