Onto Innovation: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2024, 06:25 PM ET
Last Updated - Aug 08, 2024, 06:25 PM EDT
WILMINGTON, Mass. (AP) — WILMINGTON, Mass. (AP) — Onto Innovation Inc. (ONTO) on Thursday reported second-quarter profit of $52.9 million.
The Wilmington, Massachusetts-based company said it had profit of $1.07 per share. Earnings, adjusted for one-time gains and costs, came to $1.32 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The maker of semiconductor manufacturing equipment posted revenue of $242.3 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $235.6 million.
