ON Semiconductor Corporation (NASDAQ:ON) will release earnings results for its fourth quarter, after the closing bell on Monday, Feb. 9.
Analysts expect the Scottsdale, Arizona-based company to report quarterly earnings at 62 cents per share, down from 95 cents per share in the year-ago period. The consensus estimate for ON Semiconductor’s quarterly revenue is $1.54 billion, versus $1.72 billion a year earlier, according to data from Benzinga Pro.
On Nov. 18, ON Semi announced that its board authorized a share repurchase program of up to $6 billion over the next three years.
ON Semiconductor shares gained 3.3% to close at $65.20 on Friday.
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