BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Novanta Inc. (NOVT) on Tuesday reported net income of $16.5 million in its fourth quarter.
On a per-share basis, the Bedford, Massachusetts-based company said it had profit of 46 cents. Earnings, adjusted for one-time gains and costs, came to 76 cents per share.
The photonic and motion control components maker posted revenue of $238.1 million in the period.
For the year, the company reported profit of $64.1 million, or $1.77 per share. Revenue was reported as $949.2 million.
For the current quarter ending in March, Novanta expects its per-share earnings to range from 63 cents to 71 cents.
The company expects full-year earnings in the range of $3.35 to $3.55 per share.
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