Top Wall Street Forecasters Revamp ON Semiconductor Price Expectations Ahead Of Q3 Earnings

ON Semiconductor Corporation (NASDAQ:ON) will release earnings results for its third quarter, before the opening bell on Monday, Oct. 28.

Analysts expect the Scottsdale, Arizona-based company to report quarterly earnings at 97 cents per share, down from $1.39 per share in the year-ago period. ON Semiconductor projects to report revenue of $1.75 billion for the quarter, compared to $2.18 billion a year earlier, according to data from Benzinga Pro.

On July 29, ON Semiconductor reported better-than-expected second-quarter financial results.

ON Semiconductor shares gained 1.7% to close at $71.25 on Friday.

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