ON Semiconductor Stock Rises 3.65% as 3Q Profit Beats Expectations

Seeking Alpha10-28

ON Semiconductor shares rose about 3.65% premarket on Monday after third quarter results beat estimates and the company provided fourth quarter guidance.The company expects fourth quarter revenue to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2478104986?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-28 20:02","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2478104986","market":"us","top_or_hot":-1,"title":"ON Semiconductor Stock Rises 3.65% as 3Q Profit Beats Expectations","media":"Seeking Alpha","content":"<div>\n<p>ON Semiconductor shares rose about 3.65% premarket on Monday after third quarter results beat estimates and the company provided fourth quarter guidance.The company expects fourth quarter revenue to ...</p>\n\n<a href=\"https://seekingalpha.com/news/4213291-onsemi-just-reported-q3-results-heres-why-the-stock-is-rising\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ON Semiconductor Stock Rises 3.65% as 3Q Profit Beats Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nON Semiconductor Stock Rises 3.65% as 3Q Profit Beats Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-28 20:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4213291-onsemi-just-reported-q3-results-heres-why-the-stock-is-rising><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ON Semiconductor shares rose about 3.65% premarket on Monday after third quarter results beat estimates and the company provided fourth quarter guidance.The company expects fourth quarter revenue to ...</p>\n\n<a href=\"https://seekingalpha.com/news/4213291-onsemi-just-reported-q3-results-heres-why-the-stock-is-rising\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ON","symbol_name":"安森美半导体","start_time":0,"source_url":"https://seekingalpha.com/news/4213291-onsemi-just-reported-q3-results-heres-why-the-stock-is-rising","article_id":"2478104986","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478104986","pubTimestamp":1730116935,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"$ON Semiconductor(ON)$ reported lower earnings in the third quarter as revenue fell, though the chipmaker's results beat market expectations.Shares of ON Semiconductor rose 3.65% in premarket trading.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ON":"安森美半导体"},"translate_title":"安森美半导体股价上涨3.65%，第三季度利润超出预期","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ON":1},"content_text":"ON Semiconductor shares rose about 3.65% premarket on Monday after third quarter results beat estimates and the company provided fourth quarter guidance.The company expects fourth quarter revenue to be between $1.71B and $1.81B (midpoint at $1.76B) versus consensus revenue estimate of $1.78B. Meanwhile, non-GAAP EPS is anticipated in the range of $0.92 to $1.04 (midpoint at $0.98) compared to consensus EPS estimate of $1.Third quarter revenue fell about 19% year-over-year to around $1.76B, while non-GAAP EPS tumbled nearly 28% year-on-year to $0.99. However, both top and bottom-line numbers surpassed analysts expectations.\"With third-quarter results above expectations, we remain focused on delivering consistent results in the current environment through execution and prudent financial management,\" said Hassane El-Khoury, President and CEO of onsemi.Revenue from the Power Solutions Group, or PSG, segment declined about 23% year-over-year to $829.4M, while Analog and Mixed-Signal Group, or AMG, segment's revenue fell 16% year-on-year to $653.7M.\"As power demands continue to rise across our key markets, and the need for greater efficiency becomes paramount, we are investing to win across the entire power spectrum to ensure that onsemi is best positioned to gain share in automotive, industrial and AI data center,\" added Hassane El-Khoury.Revenue from Intelligent Sensing Group, or ISG, segment fell about 15% year-over-year to $278.8M.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478104986"}