Onto Innovation Analysts Slash Their Forecasts After Q1 Earnings
1. ONT reported Q1 earnings of $1.51, beating estimates. 2. Q2 guidance of $1.21-$1.35 EPS misses analyst expectations. 3. Sales of $267 million also exceeded expectations for Q1. 4. Shares dropped 29.1% following Q2 guidance announcement. 5. Analysts maintained Buy ratings but lowered price targets significantly.