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onsemi's (ON) first-quarter 2024 performance reflects strong demand for Power solutions products.
The headline numbers for ON Semiconductor Corp. (ON) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
onsemi's NASDAQ: ON stock price corrected significantly over the last year, setting up today's opportunity. Today's opportunity is a rebound in an oversold name with a solid outlook for long-term growth.
ON Semiconductor Corp. (ON) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.19 per share a year ago.
Chipmaker Onsemi beat Wall Street expectations for quarterly revenue and profit on Monday and reported a stable gross margin due to lowered costs, in the face of weakening electric vehicle sales.
Tech stocks are rising to start a busy week of earnings as the sector looks to end a difficult month in style.
OnSemi (ON) reports earnings on Monday, premarket. George Tsilis discusses what to watch when OnSemi reports earnings.
Besides Wall Street's top -and-bottom-line estimates for ON Semiconductor Corp. (ON), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
The tech stock rebound accelerates Wednesday, led by the Magnificent 7 group.
The latest trading day saw ON Semiconductor Corp. (ON) settling at $60.05, representing a -1.09% change from its previous close.