Novanta First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]
Novanta Inc. - Common Shares (NOVT)
Last novanta inc. - common shares earnings: 2/26 06:59 am
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US:NASDAQ Investor Relations:
investors.novanta.com
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Source: Yahoo! Finance
Net income: US$14.7m (down 20% from 1Q 2023). Profit margin: 6.4% (down from 8.3% in 1Q 2023). The decrease in margin was driven by higher expenses. EPS: US$0.41 (down from US$0.51 in 1Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Novanta Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Electronic industry in the US. Performance of the American Electronic industry. The company's shares are up 3.4% from a week ago. Risk Analysis Be aware that Novanta is showing 1 warning sign in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article
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NOVT
News
- Pine Environmental Services Appoints John Roush as New CEO [Yahoo! Finance]Yahoo! Finance
- What Makes Novanta (NOVT) a New Buy Stock [Yahoo! Finance]Yahoo! Finance
- Novanta Announces Financial Results for the First Quarter 2024Business Wire
- Novanta to Present at Baird's 2024 Global Consumer, Technology & Services Conference on Wednesday, June 5, 2024Business Wire
- Novanta to Present at the William Blair 44th Annual Growth Stock Conference on Tuesday, June 4, 2024Business Wire
NOVT
Earnings
- 5/7/24 - Beat
NOVT
Sec Filings
- 5/30/24 - Form SD
- 5/9/24 - Form 8-K
- 5/9/24 - Form 4
- NOVT's page on the SEC website