Investing.com - ON Semiconductor reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ON Semiconductor announced earnings per share of $0.70 on revenue of $2.19B. Analysts polled by Investing.com anticipated EPS of $1.31 on revenue of $2.12B.
ON Semiconductor shares are up 19% from the beginning of the year , still down 19.59% from its 52 week high of $76.78 set on Thursday, August 25, 2022.
ON Semiconductor follows other major Information Technology sector earnings this month
ON Semiconductor's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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