Onto Innovation Inc reports results for the quarter ended June 30 - Earnings Summary

• Onto Innovation Inc ONTO.N reported quarterly adjusted earnings of $1.25​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.32. The mean expectation of eight analysts for the quarter was for earnings of $1.27 per share. Wall Street expected results to range from $1.23 to $1.31 per share.

• Revenue rose 4.7% to $253.60 million from a year ago; analysts expected $252.26 million.

• Onto Innovation Inc's reported EPS for the quarter was 69 cents​.

• The company reported quarterly net income of $33.91 million.

• Onto Innovation Inc shares had fallen by 10.8% this quarter and lost 46.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"

• Wall Street's median 12-month price target for Onto Innovation Inc is $140.00, about 33.8% above its last closing price of $92.68

This summary was machine generated from LSEG data August 8 at 04:53 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)