ON Semiconductor Corp.: Q2 Earnings Snapshot
By AP News
Published - Jul 29, 2024, 11:48 AM ET
Last Updated - Jul 29, 2024, 11:48 AM EDT
SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — ON Semiconductor Corp. (ON) on Monday reported second-quarter earnings of $338.2 million.
On a per-share basis, the Scottsdale, Arizona-based company said it had profit of 78 cents. Earnings, adjusted for non-recurring costs, came to 96 cents per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The semiconductor components maker posted revenue of $1.74 billion in the period, which also topped Street forecasts. Twelve analysts surveyed by Zacks expected $1.73 billion.
