Novanta Narrows FY23 GAAP Revenue Outlook From $890M-$915M To $892M-$902M (Est. $907.77M)
Portfolio Pulse from Benzinga Newsdesk
Novanta has revised its FY23 GAAP revenue outlook downwards from $890M-$915M to $892M-$902M, which is below the estimated $907.77M.
August 08, 2023 | 11:12 am
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Novanta's downward revision of its FY23 GAAP revenue outlook may negatively impact its stock price in the short term.
Novanta's revised revenue outlook is lower than the previous range and also falls short of the estimated $907.77M. This could be perceived negatively by investors, potentially leading to a decrease in the stock price in the short term.
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