Onto Innovation Inc reports results for the quarter ended in March - Earnings Summary

Onto Innovation

06/05/2023 09:18

* Onto Innovation Inc  ONTO.N  reported quarterly adjusted
earnings of 92 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 91 cents per share.
    * Revenue fell 17.5% to $199.17 million from a year ago;
analysts
expected $201.90 million. 
    * Onto Innovation Inc's reported EPS for the quarter was 59
cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Onto Innovation Inc shares had fallen by 6.6% this
quarter and
gained 20.6% so far this year.
    * The company reported quarterly net income of $29.07
million.
    * Wall Street's median 12-month price target for Onto
Innovation
Inc is $97.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
6 at 08:18 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.91           0.92           Beat
 Dec. 31 2022      1.34           1.57           Beat
 Sep. 30 2022      1.31           1.35           Beat
 Jun. 30 2022      1.27           1.28           Beat