ON Semiconductor Corp. Q4 Profit Decreases, but beats estimates

(RTTNews) - 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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.