Onto Innovation Reports 2020 Second Quarter Results
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Onto Innovation Inc. (ONTO) Tops Q2 EPS by 7c, Slight Beat on Revenues Offers 3Q Revenue Guidance Below Consensus, 3Q EPS Mid-Point Guidance Below Consensus
August 4, 2020 5:19 PM EDTOnto Innovation Inc. (NYSE: ONTO) reported Q2 EPS of $0.42, $0.07 better than the analyst estimate of $0.35. Revenue for the quarter came in at $134.9 million versus the consensus estimate of $134.58 million.
2020 Second Quarter Highlights
Revenue of $134.9 million.GAAP earnings of $0.15 per share were at the high end of guidance, while non-GAAP earnings of $0.42 were above the high end of guidance.Cash and marketable securities increased $20.1 million and ended the quarter at $312.1 million.Introduced a suite of three new metrology products: the Atlas® 5 OCD metrology system; the IMPULSE® 5 integrated metrology system which... More