Onto Innovation: Q3 Earnings Snapshot
By AP News
Published - Oct 31, 2024, 04:17 PM ET
Last Updated - Oct 31, 2024, 04:17 PM EDT
WILMINGTON, Mass. (AP) — WILMINGTON, Mass. (AP) — Onto Innovation Inc. (ONTO) on Thursday reported third-quarter profit of $53.1 million.
The Wilmington, Massachusetts-based company said it had net income of $1.07 per share. Earnings, adjusted for one-time gains and costs, were $1.34 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The maker of semiconductor manufacturing equipment posted revenue of $252.2 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $250.5 million.
