Novanta Expects Q3 GAAP Revenue Of $221M-$224M (Est. $229.58M), Adjusted EPS Of $0.70-$0.77 (Est. $0.82)
Portfolio Pulse from Benzinga Newsdesk
Novanta expects its Q3 GAAP revenue to be between $221M-$224M, lower than the estimated $229.58M. The company also anticipates its adjusted EPS to be between $0.70-$0.77, which is below the estimated $0.82.
August 08, 2023 | 11:08 am
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NEGATIVE IMPACT
Novanta's lower than expected Q3 GAAP revenue and adjusted EPS could negatively impact its stock price.
Novanta's expected Q3 GAAP revenue and adjusted EPS are lower than the estimates. This could lead to a negative market reaction, potentially causing a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100