Onto Innovation (ONTO) Q2 Earnings Beat, Sales Increase Y/Y

Onto Innovation Inc (ONTO) reported second-quarter 2024 earnings of $1.32 per share, which beat the Zacks Consensus Estimate by 10.9%. The bottom line compared favorably with the prior-year quarter's 79 cents per share. Revenues of $242.3 million beat the Zacks Consensus Estimate by 2.9%. The top line expanded 27.1% year over year. The uptick was largely driven by the expansion of pilot lines for high-performance computing, which incorporates cutting-edge gate-all-around transistor architecture and high-ban ...