Recap: Novanta Q1 Earnings - Novanta (NASDAQ:NOVT)

Novanta NOVT reported its Q1 earnings results on Tuesday, May 10, 2022 at 06:59 AM.

Here's what investors need to know about the announcement.

Novanta beat estimated earnings by 15.87%, reporting an EPS of $0.73 versus an estimate of $0.63.

Revenue was up $41.63 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 3.85% increase in the share price the next day.

Here's a look at Novanta's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.64	0.60	0.51	0.39
EPS Actual	0.67	0.75	0.62	0.58
Revenue Estimate	191.62M	172.06M	164.32M	156.28M
Revenue Actual	198.96M	177.73M	167.52M	162.58M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Novanta management provided guidance for Q2 2022, expecting earnings between $0.69 and $0.73 per share.

To track all earnings releases for Novanta visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.