Reported about 7 hours ago
ON Semiconductor Corp. (ON) announced Q1 earnings of $0.55 per share, surpassing the Zacks Consensus Estimate of $0.51 and reflecting a year-over-year decrease compared to $1.08 per share. The company generated revenues of $1.45 billion, exceeding estimates by 2.88%. Despite these positive earnings surprises, ON's shares have fallen approximately 33.5% year-to-date, leading investors to wonder about its future performance amid unfavorable estimate revisions, currently positioned at a Zacks Rank #4 (Sell).
Source: YAHOO