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semiconductor industry pricing pressuresBenzinga
•82% Informative
ON Semiconductor Corp. reported a revenue decline of 17.2% year-on-year to $1.74 billion .
The adjusted EPS of $ 0.96 beat the analyst consensus estimate of $ 0.92 .
CEO Hassane El-Khoury said, “We also continue to strengthen our silicon carbide leadership position in automotive as we ramp production with leading global OEMs in Europe , North America and China ” ON shares are trading higher by 7.84% at $ 75.67 premarket at the last check.
VR Score
82
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80
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