Investing.com - Onto Innovation reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Onto Innovation announced earnings per share of $1.35 on revenue of $254.25. Analysts polled by Investing.com anticipated EPS of $1.31 on revenue of $250.2M.
Onto Innovation shares are down 18% from the beginning of the year and are trading at $60.00 , down-from-52-week-high.
Onto Innovation shares lost 7.81% in after-hours trade the report.
Onto Innovation follows other major Information Technology sector earnings this month
Onto Innovation's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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