BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Novanta Inc. (NOVT) on Tuesday reported earnings of $14.7 million in its first quarter.
On a per-share basis, the Bedford, Massachusetts-based company said it had net income of 41 cents. Earnings, adjusted for non-recurring costs, were 74 cents per share.
The photonic and motion control components maker posted revenue of $230.9 million in the period.
For the current quarter ending in June, Novanta expects its per-share earnings to range from 68 cents to 74 cents.
The company said it expects revenue in the range of $230 million to $235 million for the fiscal second quarter.
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