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Onto Innovation Analysts Slash Their Forecasts After Q1 Earnings

Onto Innovation Inc. ONTO reported better-than-expected first-quarter financial results and issued second-quarter guidance below estimates.Onto Innovation reported quarterly earnings of 1.51persharewhichbeattheanalystconsensusestimateof1.51 per share which beat the analyst consensus estimate of 1.47 per share. The company reported quarterly sales of 267.00millionwhichbeattheanalystconsensusestimateof267.00 million which beat the analyst consensus estimate of 266.30 million.Michael Plisinski, chief executive officer of Onto Innovation, said, “We are pleased to report another record quarter for Onto Inno ...