Novanta Q2 2024 Adj. EPS $0.73 Beats $0.69 Estimate, Sales $235.864M Beat $233.610M Estimate
Portfolio Pulse from Benzinga Newsdesk
Novanta (NASDAQ:NOVT) reported Q2 2024 adjusted EPS of $0.73, beating the $0.69 estimate. Sales were $235.864M, surpassing the $233.610M estimate. However, EPS decreased by 8.75% from the same period last year.
August 06, 2024 | 11:00 am
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Novanta reported Q2 2024 adjusted EPS of $0.73, beating the $0.69 estimate. Sales were $235.864M, surpassing the $233.610M estimate. However, EPS decreased by 8.75% from the same period last year.
Novanta's Q2 2024 earnings beat analyst estimates for both EPS and sales, which is generally positive for the stock. However, the year-over-year decrease in EPS may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100