Onto Innovation Sees Q3 Revenue $245M - $255M Vs $235.5M; Adj. EPS $1.25 - $1.35 Vs. $1.20 Est
Portfolio Pulse from Benzinga Newsdesk
Onto Innovation has announced its Q3 revenue forecast to be between $245 million and $255 million, surpassing the previous estimate of $235.5 million. Additionally, the company expects adjusted EPS to be in the range of $1.25 to $1.35, higher than the estimated $1.20.
August 08, 2024 | 8:18 pm
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Onto Innovation has raised its Q3 revenue forecast to $245M-$255M, exceeding the previous estimate of $235.5M. The company also expects adjusted EPS to be $1.25-$1.35, higher than the $1.20 estimate.
The raised revenue and EPS forecasts indicate stronger-than-expected financial performance, which is likely to positively impact the stock price in the short term.
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