WILMINGTON, Mass. (AP) — WILMINGTON, Mass. (AP) — Onto Innovation Inc. (ONTO) on Thursday reported third-quarter profit of $53.1 million.
The Wilmington, Massachusetts-based company said it had net income of $1.07 per share. Earnings, adjusted for one-time gains and costs, were $1.34 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The maker of semiconductor manufacturing equipment posted revenue of $252.2 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $250.5 million.
For the current quarter ending in December, Onto Innovation expects its per-share earnings to range from $1.33 to $1.48.
The company said it expects revenue in the range of $253 million to $267 million for the fiscal fourth quarter.
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