Onto Innovation Q3 Adj EPS $0.96 Beats $0.95 Estimate, Sales $207.19M Miss $215.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Onto Innovation's Q3 adjusted earnings per share of $0.96 beat the analyst consensus estimate of $0.95 by 1.05%. However, the company's quarterly sales of $207.19 million missed the analyst consensus estimate of $215.20 million by 3.72%. This represents a 28.89% decrease in earnings and an 18.51% decrease in sales compared to the same period last year.
November 09, 2023 | 9:24 pm
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Onto Innovation's Q3 earnings beat estimates but sales missed, marking a decrease in both earnings and sales compared to last year.
Onto Innovation's earnings beat the estimate, which is a positive signal. However, the company's sales missed the estimate and both earnings and sales decreased compared to the same period last year. This mixed result could lead to uncertainty among investors, potentially negatively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100