Novanta Announces Financial Results for the Third Quarter 2020

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Novanta (NOVT) Tops Q2 EPS by 3c, Revenues Beat; Offers 3Q Revenue Guidance Below Consensus

November 10, 2020 7:02 AM EST

Novanta (NASDAQ: NOVT) reported Q2 EPS of $0.42, $0.03 better than the analyst estimate of $0.39. Revenue for the quarter came in at $142.9 million versus the consensus estimate of $141.35 million.

Third Quarter 2020 GAAP Revenue of $143 millionThird Quarter 2020 GAAP Net Income of $8 millionThird Quarter 2020 GAAP Diluted Earnings Per Share of $0.23Third Quarter 2020 Adjusted Earnings Per Share of $0.42Third Quarter 2020 Adjusted EBITDA of $30 million

Novanta continues to execute well... More