Novanta shares are trading lower following weak FY23 guidance.
Portfolio Pulse from Bill Haddad
Novanta's shares are trading lower due to the company's weak financial guidance for the fiscal year 2023.
August 08, 2023 | 4:43 pm
News sentiment analysis
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NEGATIVE IMPACT
Novanta's weak FY23 guidance has led to a decrease in its share price.
Novanta's weak financial guidance for FY23 has negatively impacted investor sentiment, leading to a decrease in the company's share price. This suggests that the company may not perform as well as expected in the upcoming fiscal year, which is a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100