Novanta Inc. (NOVT) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $16.5 million, or $0.46 per share. This compares with $12.5 million, or $0.35 per share, last year.
Excluding items, Novanta Inc. reported adjusted earnings of $0.76 per share for the period.
Analysts on average had expected the company to earn $0.71 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 12.5% to $238.1 million from $211.6 million last year.
Novanta Inc. earnings at a glance (GAAP) :
-Earnings: $16.5 Mln. vs. $12.5 Mln. last year.-EPS: $0.46 vs. $0.35 last year.-Revenue: $238.1 Mln vs. $211.6 Mln last year.
-Guidance:Next quarter EPS guidance: $0.63 to $0.71Next quarter revenue guidance: $232mln -$236mln
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September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.