Factors to Note Ahead of Onto Innovation's (ONTO) Q1 Earnings

ONTO Innovation (ONTO) is set to report first-quarter 2024 results on May 9. The Zacks Consensus Estimate for first-quarter earnings per share (EPS) has been steady at $1.10 over the past 30 days, suggesting an increase of 19.6% from the year-ago quarter’s reported figure. The company expects non-GAAP EPS in the range of $1.00-$1.20. Meanwhile, the consensus mark for revenues is pegged at $222.5 million, indicating a rise of 11.7% from the year-earlier quarter’s reported figure. Management expects revenues ...