05.02.2024 14:11:42 - dpa-AFX: ON Semiconductor Corp. Q4 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - ON Semiconductor Corp. (ON) reported a profit for
fourth quarter that decreased from the same period last year but beat the
Street estimates.

The company's bottom line totaled $562.8 million, or $1.28 per share. This
compares with $604.8 million, or $1.35 per share, in last year's fourth quarter.

Excluding items, ON Semiconductor Corp. reported adjusted earnings of $540.9
million or $1.25 per share for the period.

Analysts on average had expected the company to earn $1.21 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 3.8% to $2.02 billion from $2.10
billion last year.

ON Semiconductor Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $562.8 Mln. vs. $604.8 Mln. last year.
-EPS (Q4): $1.28 vs. $1.35 last year.
-Analyst Estimates: $1.21
-Revenue (Q4): $2.02 Bln vs. $2.10 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.98 - $1.10
Next quarter revenue guidance: $1,800 - $1,900 Mln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
ON SEMICOND. DL-,01 930124 Xetra 66,200 08.05.24 11:38:08 -0,790 -1,18% 65,710 66,340 65,890 66,990

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