Novanta: Q2 Earnings Insights

 

Novanta NOVT reported its Q2 earnings results on Tuesday, August 9, 2022 at 06:59 AM.

Here's what investors need to know about the announcement.

Earnings

Novanta beat estimated earnings by 8.33%, reporting an EPS of $0.78 versus an estimate of $0.72.

Revenue was up $47.83 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1 which was followed by a 0.24% increase in the share price the next day.

Here's a look at Novanta's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.63 0.64 0.60 0.51
EPS Actual 0.73 0.67 0.75 0.62
Revenue Estimate 196.05M 191.62M 172.06M 164.32M
Revenue Actual 204.22M 198.96M 177.73M 167.52M

To track all earnings releases for Novanta visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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