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Stock impact report

Reflecting On Electronic Components Stocks' Q4 Earnings: Novanta (NASDAQ:NOVT) [Yahoo! Finance]

Novanta Inc. - Common Shares (NOVT) 
Last novanta inc. - common shares earnings: 2/26 06:59 am Check Earnings Report
US:NASDAQ Investor Relations: investors.novanta.com
Company Research Source: Yahoo! Finance
Like many equipment and component manufacturers, electronic components companies are buoyed by secular trends such as connectivity and industrial automation. More specific pockets of strong demand include data centers and telecommunications, which can benefit companies whose optical and transceiver offerings fit those markets. But like the broader industrials sector, these companies are also at the whim of economic cycles. Consumer spending, for example, can greatly impact these companies' volumes. The 10 electronic components stocks we track reported a mixed Q4. As a group, revenues beat analysts' consensus estimates by 3.1% while next quarter's revenue guidance was 0.6% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 19.7% since the latest earnings results. Originally a pioneer in the laser scanning industry during the late 1960s, Novanta (NASDAQ:NOVT) offers medicine and manufacturing technology to the medical, life Show less Read more
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