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 and are trading at $61.74 , down-from-52-week-high.
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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