Company news: ON Semiconductor's (ON) quarterly results beat analysts’ estimates

ON Semiconductor (ON) reported Q3 FY2024 earnings of $0.99 per share (versus $1.39 per share in Q3 FY2023), beating analysts’ consensus estimate of $0.97 per share.

The company’s quarterly revenues amounted to $1.762 bln (-19.2% y/y), beating analysts’ consensus estimate of $1.751 bln.

ON rose to $73.10 (+2.60%) in pre-market trading.