ON Semiconductor Aktie
WKN: 930124 / ISIN: US6821891057
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31.10.2020 18:24:06
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ON Semiconductor Q3 Results Top Estimates; Sees Q4 Revenue In Line With View
(RTTNews) - ON Semiconductor Corp. (ON) reported that its third-quarter net income attributable to the company was $160.6 million or $0.38 per share, compared to a loss of $60.7 million or $0.15 per share in the prior year.
"We delivered strong third quarter results, driven by broad-based macroeconomic recovery and robust demand for our products," said Keith Jackson, president and CEO of ON Semiconductor.
Non-GAAP earnings per share were $0.27 compared to $0.33 in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share for the third-quarter. Analysts' estimates typically exclude special items. Quarterly revenue was $1.32 billion, down about 5 percent from last year. Analysts expected revenue of $1.27 billion for the third quarter.
Looking ahead, the company expects to see above seasonal demand trends across most end-markets in the near term, as global business activity continues to normalize.
The company anticipates fourth quarter revenue to be about $1.30 billion to $1.40 billion. Analysts expect revenue of $1.31 billion for the fourth quarter.
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| ON Semiconductor Corp. | 31,49 | 2,11% |
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