ON Semiconductor Q3 Adj EPS $1.39 Beats $1.34 Estimate, Sales $2.18B Beat $2.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
ON Semiconductor reported Q3 earnings of $1.39 per share, beating the analyst consensus estimate of $1.34 by 3.73%. However, this is a 4.14% decrease from the same period last year. The company also reported quarterly sales of $2.18 billion, beating the analyst consensus estimate of $2.15 billion by 1.43%, but this is a 0.54% decrease from the same period last year.
October 30, 2023 | 12:01 pm
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NEUTRAL IMPACT
ON Semiconductor's Q3 earnings and sales beat estimates, but both are down from the same period last year.
While ON Semiconductor beat Q3 earnings and sales estimates, the year-on-year decrease in both figures could potentially concern investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100