Onto Innovation Reports Strong Q4 Earnings, Beating Expectations
Onto Innovation Inc. (ONTO) announced fourth-quarter net income of $48.8 million, translating to earnings per share of 98 cents. Adjusted for one-time items, earnings reached $1.51 per share, exceeding analysts' consensus estimate of $1.39 per share.
Revenue reached $263.9 million, surpassing market expectations of $259.4 million. For the full year, Onto Innovation reported a net income of $201.7 million or $4.06 per share, with revenue totaling $987.3 million.
Looking ahead, Onto Innovation anticipates first-quarter earnings per share between $1.40 and $1.54. Revenue is projected to range from $260 million to $274 million.