PHOENIX (AP) – ON Semiconductor Corp. (ON) reported a fourth-quarter revenue of $ 89 million on Monday.
On a per share foundation, the Phoenix-based firm mentioned it had a revenue of 21 cents. Earnings, adjusted for amortization prices and non-recurring prices, had been 35 cents per share.
The outcomes exceeded Wall Road expectations. The common estimate from 12 analysts surveyed by Zacks Funding Analysis was earnings of 28 cents a share.
The semiconductor element maker posted income of $ 1.45 billion within the interval, additionally beating Road’s forecasts. 9 analysts surveyed by Zacks anticipated $ 1.36 billion.
For the 12 months, the corporate reported earnings of $ 234.2 million, or 56 cents a share. Income was reported at $ 5.26 billion.
For the present quarter ending in April, ON Semiconductor Corp. mentioned it expects income within the vary of $ 1.41 billion to $ 1.51 billion.
ON Semiconductor Corp. shares have risen simply over 5% because the starting of the 12 months. The inventory has elevated by 44% within the final 12 months.
Copyright by Automated Insights, Inc. All rights reserved.