Novanta: Q2 Earnings Insights - Novanta (NASDAQ:NOVT)

Novanta NOVT reported its Q2 earnings results on Tuesday, August 9, 2022 at 06:59 AM.

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

Novanta beat estimated earnings by 8.33%, reporting an EPS of $0.78 versus an estimate of $0.72.

Revenue was up $47.83 million from the same period last year.

Last quarter the company beat on EPS by $0.1 which was followed by a 0.24% increase in the share price the next day.

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

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.63	0.64	0.60	0.51
EPS Actual	0.73	0.67	0.75	0.62
Revenue Estimate	196.05M	191.62M	172.06M	164.32M
Revenue Actual	204.22M	198.96M	177.73M	167.52M

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.