ON Semiconductor Q3 2024 Adj. EPS $0.99 Beats $0.97 Estimate, Sales $1.762B Beat $1.751B Estimate
Portfolio Pulse from Benzinga Newsdesk
ON Semiconductor reported its Q3 2024 financial results, with adjusted EPS of $0.99 beating the estimate of $0.97, and sales of $1.762 billion surpassing the expected $1.751 billion.
October 28, 2024 | 12:02 pm
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ON Semiconductor's Q3 2024 results exceeded expectations with an adjusted EPS of $0.99 and sales of $1.762 billion, both beating analyst estimates.
The company's financial performance exceeded market expectations, which is typically a positive indicator for stock price movement. Beating both EPS and sales estimates suggests strong operational performance and could lead to increased investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100