ON's Q4 Earnings Beat Estimates, Revenues Fall Y/Y, Shares Down
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ON Semiconductor's Q4 2024 earnings exceeded estimates, but revenues declined year-over-year due to weak performance in automotive and industrial markets. This led to a drop in share prices.
February 10, 2025 | 7:00 pm
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ON Semiconductor's Q4 2024 earnings beat estimates, but revenues declined year-over-year due to weak performance in automotive and industrial markets, leading to a drop in share prices.
Despite beating earnings estimates, the decline in year-over-year revenues indicates underlying challenges in key markets, which has negatively impacted investor sentiment, leading to a drop in share prices.
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IMPORTANCE 80
RELEVANCE 100