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- Company news: ON Semiconductor’s (ON) quarterly results beat analysts’ forecasts
Ekonomické zprávy
29.07.2024
Company news: ON Semiconductor’s (ON) quarterly results beat analysts’ forecasts
ON Semiconductor (ON) reported Q2 FY2024 earnings of $0.96 per share (versus $1.29 per share in Q2 FY2023), beating analysts’ consensus estimate of $0.92 per share.
The company’s quarterly revenues amounted to $1.735 bln (-17.2% y/y), slightly beating analysts’ consensus estimate of $1.729 bln.
The company also issued in-line guidance for Q3 FY2024, seeing EPS of $0.91-1.03 versus analysts’ consensus estimate of $0.97 and revenues of $1.70-1.80 bln versus analysts’ consensus estimate of $1.78 bln.
ON rose to $75.70 (+7.88%) in pre-market trading.
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