ON Semiconductor Expects Q3 Revenue of $1.7B-$1.8B Vs $1.73B Est, Adj EPS of $0.91-$1.03 Vs $0.92 Est
Portfolio Pulse from Benzinga Newsdesk
ON Semiconductor has released its Q3 2024 outlook, projecting revenue between $1.7 billion and $1.8 billion, slightly above the $1.73 billion estimate. Adjusted EPS is expected to be between $0.91 and $1.03, compared to the $0.92 estimate.
July 29, 2024 | 12:03 pm
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POSITIVE IMPACT
ON Semiconductor's Q3 2024 revenue projection of $1.7B-$1.8B is slightly above the $1.73B estimate, and adjusted EPS is expected to be $0.91-$1.03, compared to the $0.92 estimate. This positive outlook may boost investor confidence.
The revenue and adjusted EPS projections are slightly above market estimates, indicating a positive outlook for the company. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100