ON Semiconductor Q2 EPS $1.33 Beats $1.21 Estimate, Sales $2.09B Beat $2.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
ON Semiconductor reported Q2 earnings of $1.33 per share, beating the analyst consensus estimate of $1.21 by 9.92%. However, this is a 0.75% decrease from the same period last year. The company also reported quarterly sales of $2.09 billion, beating the analyst consensus estimate of $2.02 billion by 3.66%, and marking a 0.43% increase from the same period last year.
July 31, 2023 | 12:01 pm
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NEUTRAL IMPACT
ON Semiconductor's Q2 earnings and sales beat estimates, but earnings decreased slightly YoY. This mixed result could lead to uncertain market reactions.
ON Semiconductor's earnings beat estimates, which is typically positive for the stock. However, the YoY decrease in earnings could temper investor enthusiasm. The impact on the stock price will depend on how investors weigh these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100