— ON Semiconductor Corp. (NASDAQ: ON) Monday reported earnings of $0.30 per share for the fourth quarter of 2019, on an adjusted basis, vs. $0.32 per share expected.
— Unadjusted earnings dropped 66% annually to $56.5 million or $0.14 per share from $165.6 million or $0.39 per share in the fourth quarter of 2018
— Revenues declined 7% to $1.4 billion during the three-month period from $1.50 billion a year earlier, vs. $1.37 billion expected
— Gross margin and operating margin came in at 34.6% and 9.9%, respectively
— The company expects revenues to be in the range of $1.355 billion to $1.405 billion in the first quarter of 2020
— Looking for gross margin between 33.7% and 34.7% for the first quarter, on an unadjusted basis
— Operating expenses are expected to be between $330 million and $348 million for the first quarter
— On track to implement new changes to the manufacturing footprint, and accelerate the timeline for production at the 300mm fab
Most Popular
360 DigiTech (NASDAQ: QFIN) Q3 2021 Research Summary
The positive effects of widespread digitalization and e-commerce growth on China’s financial services industry became more pronounced during the pandemic as the movement restrictions drove more retail customers to online
Activision Blizzard (ATVI): Three reasons why this stock deserves to be on your radar
Shares of Activision Blizzard Inc. (NASDAQ: ATVI) were up 1.6% on Thursday. The stock has dropped 14% since the start of the year. The company has been in the news
IPO Alert: Here’s all you need to know about Remitly Global’s upcoming market debut
The emergence of technology-driven financial services is making people think beyond conventional banks when it comes to availing loans and transferring funds. In a move aimed at taking its business
