Onto Innovation Reports 2021 First Quarter Results
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Onto Innovation Inc. (ONTO) Tops Q1 EPS by 5c, Revenues Beat; Offers 2Q EPS/Revenues Guidance Above Consensus
April 29, 2021 4:33 PM EDTOnto Innovation Inc. (NYSE: ONTO) reported Q1 EPS of $0.73, $0.05 better than the analyst estimate of $0.68. Revenue for the quarter came in at $169.3 million versus the consensus estimate of $162.22 million.
First Quarter 2021 GAAP Financial Results
First quarter revenue totaled $169.3 million, an increase of 9% compared with $155.1 million for the fourth quarter of 2020.Gross profit margin was 53% of revenue in the first quarter, compared to 49% in the fourth quarter of 2020. Fourth quarter gross margin was negatively impacted by an inventory reserve for a discontinued product line.Operating expenses totaled $63.0 million, an increase of $2.4... More