By Stephen Nakrosis
Shares of Onto Innovation touched a 52-week high on Friday, a day after the company reported fourth-quarter financial results.
The company’s stock soared 88% to $178.94 just before the close of trading for the week. Earlier in the session the shares reached $179.93, a 52-week high.
Onto Innovation reported fourth-quarter earnings per share of 61 cents on revenue of $218.9 million. In the year-ago period the company reported EPS of $1.34 on revenue of $253.3 million.
On an adjusted basis, the company reported EPS of $1.06, compared with $1.57 in the same period last year.
The company said it expects first-quarter EPS of 74 cents to 94 cents, and revenue of $215 million to $230 million.
“Onto Innovation finished the year strongly, as we supported a surge in demand for Dragonfly systems as well as delivered several metrology systems for potential new applications in the AI packaging space,” Chief Executive Officer Michael Plisinski said.
The company makes and supports systems used by microelectronics device makers.
Write to Stephen Nakrosis at [email protected]
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