WILMINGTON, Mass. (AP) — WILMINGTON, Mass. (AP) — Onto Innovation Inc. (ONTO) on Tuesday reported first-quarter profit of $33.8 million.
The Wilmington, Massachusetts-based company said it had profit of 67 cents per share. Earnings, adjusted for one-time gains and costs, were $1.42 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The maker of semiconductor manufacturing equipment posted revenue of $291.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $289.1 million.
For the current quarter ending in June, Onto Innovation expects its per-share earnings to range from $1.65 to $1.73.
The company said it expects revenue in the range of $320 million to $330 million for the fiscal second quarter.
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