Novanta Q3 Adj. EPS $0.85 Beats $0.74 Estimate, Sales $221.50M Miss $223.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Novanta reported Q3 adjusted earnings of $0.85 per share, beating the analyst consensus estimate of $0.74 by 14.86%. However, the company's quarterly sales of $221.50 million missed the analyst consensus estimate of $223.18 million by 0.75%.
November 07, 2023 | 12:02 pm
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Novanta's Q3 earnings exceeded expectations, but sales fell short of estimates. This mixed result could lead to uncertainty in the market.
Novanta's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The mixed results may lead to uncertainty about the company's performance and could impact the stock price in the short term.
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