ON Semiconductor Corp Expects Q4 Revenue of $1.950B-$2.050B Vs. $2.18B Est, Adj EPS $1.13-$1.27 Vs. $1.36 Est
Portfolio Pulse from Benzinga Newsdesk
ON Semiconductor Corp has projected its Q4 2023 revenue to be between $1.950B and $2.050B, which is lower than the estimated $2.18B. The company also expects its adjusted EPS to be between $1.13 and $1.27, lower than the estimated $1.36.
October 30, 2023 | 12:05 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
ON Semiconductor Corp's lower than expected Q4 2023 revenue and adjusted EPS projections may negatively impact its stock price in the short term.
ON Semiconductor Corp's projected Q4 2023 revenue and adjusted EPS are lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100