ON Semiconductor Corp reports results for the quarter ended September 30 - Earnings Summary

• ON Semiconductor Corp ON reported quarterly adjusted earnings of 63 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 99 cents. The mean expectation of thirty two analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 56 cents to 60 cents per share.

• Revenue fell 12% to $1.55 billion from a year ago; analysts expected $1.52 billion.

• ON Semiconductor Corp's reported EPS for the quarter was 63 cents​.

• The company reported quarterly net income of $255 million.

• ON Semiconductor Corp shares had risen by 1.6% this quarter and lost 20.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 16 "strong buy" or "buy," 19 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for ON Semiconductor Corp is $58.00, about 13.7% above its last closing price of $50.08

This summary was machine generated from LSEG data November 3 at 04:55 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)