ON Semiconductor shares are trading lower after the company reported Q3 financial results and issued Q4 adjusted EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
ON Semiconductor reported Q3 financial results and issued Q4 adjusted EPS and revenue guidance below estimates, causing its shares to trade lower.
October 30, 2023 | 12:34 pm
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ON Semiconductor's shares are trading lower due to disappointing Q3 results and lower than expected Q4 guidance.
ON Semiconductor's shares are trading lower as the company reported Q3 financial results and issued Q4 adjusted EPS and revenue guidance below estimates. This indicates a potential decrease in the company's profitability, which is a negative signal for investors, leading to a decrease in the stock price.
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