On Semiconductor Corp. (NASDAQ:ON) shares slipped in Monday's extended trading after the company released its fourth-quarter earnings report.
Here's a look at the key figures from the quarter.
The Details: On Semi reported quarterly earnings of 64 cents per share, which beat the Street estimate of 62 cents, according to data from Benzinga Pro.
Quarterly revenue of $1.53 billion missed the consensus estimate of $1.536 billion and was down from $1.72 billion from the same period last year.
“We remained disciplined in our execution and met expectations in the fourth quarter as we saw increasing signs of stabilization in our key markets,” said Hassane El-Khoury, CEO of On Semi.
“We continue to invest in intelligent power and sensing technologies that position us to win in the most critical technology transitions shaping our industry,” El-Khoury added.
Outlook: On Semi expects first quarter adjusted EPS of 56 cents to 66 cents, versus the 61 cent analyst estimate, and revenue in a range of $1.44 billion to $1.54 billion, versus the $1.51 billion estimate.
ON Stock Price: According to data from Benzinga Pro, On Semi stock dropped 5.42% to $61.57 in Monday's extended trading.
Photo: Sundry Photography / Shutterstock
