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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