Novanta (NOVT) reported Q3 adjusted earnings Tuesday of $0.85 per diluted share, unchanged from a year earlier.
Three analysts polled by Capital IQ expected $0.85.
Revenue for the quarter ended Sept. 27 was $244.4 million, up from $221.5 million a year earlier.
Three analysts polled by Capital IQ expected $242.3 million.
The company expects Q4 adjusted EPS of $0.70 to $0.74. Three analysts polled by Capital IQ expect $0.97. Revenue for the quarter is projected to be about $237 million to $242 million. Three analysts polled by Capital IQ expect $264 million.
For 2024, the company said it now expects adjusted diluted EPS of $3.02 to $3.06, compared with its prior outlook of $3.20 to $3.35. Three analysts surveyed by Capital IQ expect $3.29.
Revenue for the year is now projected to be between $948 million and $953 million, compared with the prior outlook of about $975 million. Three analysts polled by Capital IQ expect $973.1 million.
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