Novanta Cuts FY23 Adjusted EPS Outlook From $3.00-$3.20 To $2.96-$3.15 (Est. 3.14 )
Portfolio Pulse from Benzinga Newsdesk
Novanta has reduced its FY23 adjusted EPS outlook from $3.00-$3.20 to $2.96-$3.15, which is slightly below the estimated $3.14.
August 08, 2023 | 11:13 am
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Novanta's reduced FY23 adjusted EPS outlook may negatively impact its stock price in the short term.
Novanta's reduction in its FY23 adjusted EPS outlook indicates a potential decrease in profitability, which could lead to a decrease in its stock price. Investors often use EPS as a key metric to evaluate a company's financial performance and future prospects.
CONFIDENCE 90
IMPORTANCE 80
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