Novanta (NOVT) Tops Q2 Earnings and Revenue Estimates

Novanta (NOVT) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.80 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 5.80%. A quarter ago, it was expected that this photonic and motion control components maker would post earnings of $0.57 per share when it actually produced earnings of $0.74, delivering a surprise of 29.82%. Over the las ...