ON Semiconductor Guides Q3 In Line With Estimates - Update

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ON Semiconductor Guides Q3 In Line With Estimates - Update

(RTTNews) - While reporting financial results for the second quarter on Monday, ON Semiconductor Corp. (ON) provided earnings and revenue guidance for the third quarter of fiscal 2024, which was in line with estimates.

For the third quarter, the company projects earnings in a range of $0.85 to $0.97 per share and adjusted earnings in a range of $0.91 to $1.03 per share on revenues between $1.70 billion and $1.80 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.97 per share on revenues of $1.78 billion for the quarter. Analysts' estimates typically exclude special items.

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European Markets Close Higher As Stocks Recover After Cautious Start

European Markets Close Higher As Stocks Recover After Cautious Start

European stocks closed higher on Friday, and several markets in the region climbed to fresh highs, with investors reacting to the interest rate decisions by major central banks. Expectations of more monetary easing by the Federal Reserve contributed as well to the positive mood in the markets.
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