Novanta (NOVT) Tops Q1 Earnings and Revenue Estimates

Novanta (NOVT) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 29.82%. A quarter ago, it was expected that this photonic and motion control components maker would post earnings of $0.63 per share when it actually produced earnings of $0.63, delivering no surprise.Over the last four qu ...