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Onto Innovation Q2 Adjusted Earnings, Revenue Rise; Shares Gain After-Hours

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Onto Innovation (ONTO) reported late Thursday Q2 adjusted earnings of $1.93 per share, up from $1.25 per share a year earlier.

Analysts polled by FactSet expected $1.69.

Revenue for the quarter ended June 30 rose to $343.1 million from $253.6 million a year earlier.

Analysts expected $325.3 million.

The company expects Q3 adjusted earnings of $2.18 to $2.38 per share and revenue of $380 million to $400 million. Analysts expect $1.93 per share and revenue of $350.6 million.

Shares of Onto Innovation were up more than 13% in after-hours activity.

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