ON Semiconductor Q4 Adj EPS $1.25 Beats $1.21 Estimate, Sales $2.02B Beat $2.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
ON Semiconductor (NASDAQ:ON) reported Q4 adjusted EPS of $1.25, surpassing the $1.21 consensus estimate, and sales of $2.02B, exceeding the $2.00B estimate. However, this represents a 5.3% decrease in earnings and a 4.09% decrease in sales from the same period last year.
February 05, 2024 | 1:01 pm
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ON Semiconductor exceeded Q4 earnings and sales expectations, reporting an adjusted EPS of $1.25 and sales of $2.02B, outperforming estimates but showing a decline from the previous year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price, as it indicates better-than-expected financial health and performance. However, the year-over-year decline in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100