Novanta (NASDAQ: NOVT) reported Q3 EPS of $0.61, $0.09 better than the analyst estimate of $0.52. Revenue for the quarter came in at $160.8 million versus the consensus estimate of $154.43 million.
“We are very pleased with our company’s performance in the third quarter,” said Matthijs Glastra, Chief Executive Officer of Novanta. “We delivered record performance from a top line and bottom line perspective. Reported growth was very solid at 10% and our Adjusted EPS and Free Cash Flow showed impressive growth. Despite a more uncertain economic climate, we are confident in the strength of our business model and our team’s ability to execute.”
GUIDANCE:
Novanta sees FY2018 EPS of $2.07-$2.12, versus the consensus of $2.00.
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