Onto Innovation: Q3 Profit and Revenue Top Analyst Expectations
FROM THE WIRE · FINANCE.YAHOO.COM
WILMINGTON, Mass. (AP) — WILMINGTON, Mass. (AP) — Onto Innovation Inc. (ONTO) on Monday reported third-quarter profit of $46.8 million. On a per-share basis, the Wilmington, Massachusetts-based company said it had net income of 95 cents. Earnings, adjusted for one-time gains and…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults and guidance above estimates for the chip equipment maker may support the ONTO share price.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Adjusted earnings were $2.44 per share, against an average analyst estimate of $2.27.
- 02Revenue for the period was $409.7 million, above the expected $390.7 million.
- 03For the quarter ending in December, the company expects revenue between $430 and $450 million.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets