Onto Sees Q2 EPS $1.14-$1.26 Vs $1.11 Est.; Revenue $230M-$240M Vs $226.02M Est.
Portfolio Pulse from Benzinga Newsdesk
Onto projects Q2 EPS of $1.14-$1.26, surpassing the $1.11 estimate, with revenue forecasts of $230M-$240M, also above the $226.02M estimate. The company's guidance includes both GAAP ($0.88-$1.00) and non-GAAP ($1.14-$1.26) EPS expectations.
May 09, 2024 | 8:21 pm
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Onto anticipates Q2 EPS between $1.14-$1.26, exceeding estimates, and revenue between $230M-$240M, also above expectations.
Onto's guidance for both EPS and revenue exceeds analyst estimates, indicating a positive outlook for the company's financial performance in the upcoming quarter. This is likely to instill investor confidence and could lead to a short-term uptick in ONTO's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100