Onto Innovation Reports Q3 Results, Issues Q4 Outlook
Onto Innovation reported Q3 revenue of $409.7 million and adjusted EPS of $2.44. It forecast Q4 revenue of $430.0 million to $450.0 million and adjusted EPS of $2.59 to $2.79.
Onto Innovation reported third-quarter revenue of $409.7 million, surpassing the FactSet consensus estimate of $392.1 million. The company also posted adjusted earnings per share of $2.44, which beat the analyst estimate of $2.30. Looking ahead, Onto Innovation issued guidance for the fourth quarter, projecting revenue in the range of $430.0 million to $450.0 million and adjusted earnings per share between $2.59 and $2.79. The fourth-quarter adjusted EPS guidance compares favorably to the FactSet estimate of $2.48.