Onto Innovation Drops 3.85% Ahead of Earnings Report
The semiconductor equipment maker fell more than the S&P 500, while Zacks estimates point to higher quarterly and full-year earnings.
Key takeaways
- Onto Innovation closed at $292.67, down 3.85%.
- Zacks estimates call for quarterly EPS of $2.27 and revenue of $390.66 million.
Onto Innovation closed at $292.67, down 3.85%, in its latest trading session. The decline was steeper than the S&P 500’s 0.47% drop.
Before that session, the semiconductor equipment maker’s shares had gained 9.34% over the past month. The Computer and Technology sector rose 6.08% over the same period, while the S&P 500 advanced 1.15%.
Ahead of the company’s upcoming results, Zacks estimates call for earnings of $2.27 per share and revenue of $390.66 million for the quarter. Those figures would be increases of 146.74% and 79.05%, respectively, from the same quarter a year earlier.
For the full year, Zacks consensus estimates project earnings of $8.04 per share and revenue of $1.42 billion.
This article was produced with the help of AI technology. Source: Yahoo Finance
