While reporting financial results for the first quarter on Monday, ON Semiconductor Corp. (ON) provided earnings and revenue guidance for the second quarter, which was in line with estimates.
For the second quarter, the company projects earnings in a range of $0.45 to $0.55 per share and adjusted earnings in a range of $0.48 to $0.58 per share on revenues between $1.40 billion and $1.50 billion.
On average, analysts polled expect the company to report earnings of $0.51 per share on revenues of $1.41 billion for the quarter. Analysts’ estimates typically exclude special items.
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