financetom
Business
financetom
/
Business
/
Novanta's Fiscal Q2 Adjusted Earnings Fall, Revenue Rises; Q3, 2024 Guidance Issued
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tesla disbands Dojo supercomputer team, Bloomberg News reports
Tesla disbands Dojo supercomputer team, Bloomberg News reports
Aug 7, 2025
Aug 7 (Reuters) - Tesla is disbanding its Dojo supercomputer team and its leader, Peter Bannon, will depart the company, Bloomberg News reported on Thursday, citing people familiar with the matter. Reuters could not immediately verify the report. ...
Twilio Q2 revenue up 13%, beats analyst expectations
Twilio Q2 revenue up 13%, beats analyst expectations
Aug 7, 2025
Overview * Twilio ( TWLO ) Q2 revenue of $1.23 bln, up 13% yr/yr, beats analyst expectations, per LSEG data * Non-GAAP income from operations rose 26% yr/yr to $221 mln * Twilio ( TWLO ) repurchased $176.7 mln in Class A shares in Q2 Outlook * Twilio ( TWLO ) sees Q3 revenue between $1.245 bln and $1.255 bln...
Canada's Sun Life Q2 adjusted EPS beats expectations
Canada's Sun Life Q2 adjusted EPS beats expectations
Aug 7, 2025
Overview * Sun Life Q2 underlying net income rises 2%, beating analyst expectations * Adjusted EPS for Q2 beats consensus, indicating strong operational performance * Company repurchased CAD 400 mln of shares, maintaining strong capital position Outlook * Sun Life maintains strong capital position with LICAT ratio of 151% * Company emphasizes resilience in business mix amid external uncertainties *...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved