• Onto Innovation Inc ONTO.N reported quarterly adjusted earnings of $1.51​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.06. The mean expectation of nine analysts for the quarter was for earnings of $1.41 per share. Wall Street expected results to range from $1.37 to $1.43 per share.

• Revenue rose 20.6% to $263.94 million from a year ago; analysts expected $260.51 million.

• Onto Innovation Inc's reported EPS for the quarter was 98 cents​.

• The company reported quarterly net income of $48.82 million.

• Onto Innovation Inc shares had risen by 25.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% 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 10 "strong buy" or "buy," no "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 $250.00

This summary was machine generated from LSEG data February 7 at 12:26 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)