Novanta (NOVT) Tops Q2 EPS by 2c, Revenues Beat; Offers FY18 EPS/Revenue Outlook

Novanta (NASDAQ: NOVT) reported Q2 EPS of $0.51, $0.02 better than the analyst estimate of $0.49. Revenue for the quarter came in at $180.4 million versus the consensus estimate of $147.26 million.

"Our company has continued to deliver consistent and predictable growth, with strong revenue, Adjusted EBITDA, and Adjusted EPS growth being demonstrated again this quarter," said Matthijs Glastra, Chief Executive Officer of Novanta. "We feel we are well positioned in a number of secular growth market categories, with the team continuing to deliver solid results."

GUIDANCE:

Novanta sees FY2018 EPS of $1.96-$2.02, versus the consensus of $1.99. Novanta sees FY2018 revenue of $600-607 million, versus the consensus of $601.8 million.

For earnings history and earnings-related data on Novanta (NOVT) click here.

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