ONTO falls 14% in one week as strong growth meets a rich valuation
FROM THE WIRE · FINANCE.YAHOO.COM
Onto Innovation Inc. ONTO has pulled back even as its operating results remain on an upswing. Third-quarter revenues reached a record $409.7 million, while non-GAAP earnings rose sharply and the current-year earnings estimate has increased 2.7% over the past four weeks. The…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe semiconductor equipment stock fell despite record revenue, on valuation concerns.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Third-quarter revenue rose 87.8% year over year to $409.7 million.
- 02Non-GAAP earnings per share were $2.44.
- 03Non-GAAP operating margin expanded to 32.6% from 21.1%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Onto Innovation Inc.209.78 USD0.00%today -2.46%Negative KLA Corporation157.27 USD+0.27%today -2.32%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets