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 $0.71
Next quarter revenue guidance: $232mln -$236mln
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