29.04.2024 14:09:45 - dpa-AFX: ON Semiconductor Corp. Q1 Profit Beats Estimates
WASHINGTON (dpa-AFX) - ON Semiconductor Corp. (ON) revealed a profit for
first quarter that beat the Street estimates.
The company's bottom line came in at $453.0 million, or $1.04 per share. This
compares with $462.1 million, or $1.03 per share, in last year's first quarter.
Excluding items, ON Semiconductor Corp. reported adjusted earnings of $464.5
million or $1.08 per share for the period.
Analysts on average had expected the company to earn $1.04 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 5.1% to $1.86 billion from $1.96
billion last year.
ON Semiconductor Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $453.0 Mln. vs. $462.1 Mln. last year.
-EPS (Q1): $1.04 vs. $1.03 last year.
-Revenue (Q1): $1.86 Bln vs. $1.96 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.86 to $0.98
Next quarter revenue guidance: $1,680 to $1,780 Mln
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