Novanta Q2 Adj EPS $0.80 Beats $0.72 Estimate, Sales $229.50M Beat $223.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
Novanta reported Q2 adjusted earnings of $0.80 per share, beating the analyst consensus estimate of $0.72 by 11.11%. This is a 2.56% increase over earnings of $0.78 per share from the same period last year. The company also reported quarterly sales of $229.50 million, beating the analyst consensus estimate of $223.82 million by 2.54%. This is a 6.57% increase over sales of $215.36 million the same period last year.
August 08, 2023 | 11:00 am
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POSITIVE IMPACT
Novanta's Q2 earnings and sales beat estimates, with a YoY increase in both. This could potentially lead to a positive market reaction.
Novanta has reported better than expected Q2 results, with both earnings per share and sales beating analyst estimates. This positive financial performance could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100