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• Novanta Inc NOVT.OQ reported quarterly adjusted earnings of 73 cents​​ per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 80 cents. The mean expectation of three analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 69 cents to 70 cents per share.

• Revenue rose 2.8% to $235.90 million from a year ago; analysts expected $233.61 million.

• Novanta Inc's reported EPS for the quarter was 38 cents​.

• The company reported quarterly income of $13.76 million.

• Novanta Inc shares had fallen by 4.1% this quarter and lost 7.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.9% in the last three months.​

• In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Novanta Inc is $178.50

This summary was machine generated from LSEG data August 6 at 01:52 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)