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PHOENIX (AP) _ ON Semiconductor Corp. (ON) on Monday reported fourth-quarter net income of $604.3 million.
The Phoenix-based company said it had profit of $1.35 per share. Earnings, adjusted for one-time gains and costs, came to $1.32 per share.
The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The semiconductor components maker posted revenue of $2.1 billion in the period, also beating Street forecasts. Twelve analysts surveyed by Zacks expected $2.08 billion.
For the year, the company reported profit of $1.9 billion, or $4.24 per share. Revenue was reported as $8.33 billion.
For the current quarter ending in March, ON Semiconductor Corp. expects its per-share earnings to range from $1.02 to $1.14.
The company said it expects revenue in the range of $1.87 billion to $1.97 billion for the fiscal first quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ON">Zacks stock report on ON at https://www.zacks.com/ap/ON