— 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
Key highlights from Adobe (ADBE) Q2 2021 earnings results
Adobe Systems Incorporated (NASDAQ: ADBE) reported second quarter 2021 earnings results today. Total revenue grew 23% year-over-year to $3.84 billion. GAAP net income was $1.11 billion, or $2.32 per share,
Three factors that bode well for Delta Air Lines (DAL) going forward
Shares of Delta Air Lines Inc. (NYSE: DAL) have gained 45% over the past 12 months and 11% since the beginning of this year. After a particularly distressful period, like
KR Earnings: All you need to know about Kroger Q1 2021 earnings results
The Kroger Co. (NYSE: KR) reported first-quarter 2021 earnings results today. Total company sales were $41.3 billion compared to $41.5 billion in the same period last year. Excluding fuel, sales
