{"id":42793,"date":"2023-07-31T20:42:34","date_gmt":"2023-08-01T00:42:34","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/on-semi-rises-as-q2-results-and-guidance-beat-expectations\/"},"modified":"2023-07-31T20:42:36","modified_gmt":"2023-08-01T00:42:36","slug":"on-semi-rises-as-q2-results-and-guidance-beat-expectations","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=42793","title":{"rendered":"ON Semi rises as Q2 results and guidance beat expectations"},"content":{"rendered":"
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\u00a9 Reuters. ON Semi (ON) rises as Q2 results and guidance beat expectations<\/span>
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Onsemi (NASDAQ:) shares rose about 3% in pre-market after the company reported better-than-expected earnings for the second quarter.<\/p>\n

The adjusted of $1.33 on revenue of $2.09 billion topped analyst expectations for earnings of $1.21 on revenue of $2.02B. The adjusted gross margin also beat expectations by 100 basis points.<\/p>\n

\u201c[O]nsemi delivered another excellent quarter, ahead of guidance on revenue and earnings per share, driven by growth in automotive and industrial. Our operational excellence and winning formula have proven to be the right strategy in sustaining our financial performance amid a soft macroeconomic environment,\u201d said Hassane El-Khoury, president and chief executive officer, onsemi.<\/p>\n

The company sees Q3 EPS at $1.28 on revenue of $2.15B. Analysts were looking for earnings of $1.21 per share on sales of $2.1B.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. ON Semi (ON) rises as Q2 results and guidance beat expectations Onsemi (NASDAQ:) shares rose about 3% in pre-market after the company reported better-than-expected earnings for the second quarter. The adjusted of $1.33 on revenue of $2.09 billion topped analyst expectations for earnings of $1.21 on revenue of $2.02B. The adjusted gross margin […]<\/p>\n","protected":false},"author":1,"featured_media":4388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-42793","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nON Semi rises as Q2 results and guidance beat expectations | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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