Onto Innovation Q2 Adj EPS $0.79 Misses $0.84 Estimate, Sales $190.66M Miss $203.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Onto Innovation (NYSE:ONTO) reported Q2 adjusted earnings of $0.79 per share, missing the analyst consensus estimate of $0.84 by 5.95%. This is a 38.28% decrease from the same period last year. The company also reported quarterly sales of $190.66 million, missing the analyst consensus estimate of $203.00 million by 6.08%. This is a 25.61% decrease from the same period last year.
August 10, 2023 | 8:11 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Onto Innovation's Q2 earnings and sales missed estimates, marking a significant decrease from the same period last year. This could potentially impact the company's stock negatively in the short term.
Onto Innovation's Q2 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market. This, coupled with the significant decrease from the same period last year, could lead to a negative impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100