WILMINGTON, Mass. (AP) _ Onto Innovation Inc. (ONTO) on Tuesday reported second-quarter profit of $51.6 million.

On a per-share basis, the Wilmington, Massachusetts-based company said it had profit of $1.03. Earnings, adjusted for one-time gains and costs, were $1.28 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The maker of semiconductor manufacturing equipment posted revenue of $256.3 million in the period.

For the current quarter ending in October, Onto Innovation expects its per-share earnings to range from $1.21 to $1.42.

The company said it expects revenue in the range of $242 million to $258 million for the fiscal third quarter.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ONTO at https://www.zacks.com/ap/ONTO

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News