ON Semiconductor Corp.: Q4 Earnings Snapshot

SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — ON Semiconductor Corp. (ON) on Monday reported fourth-quarter net income of $379.9 million.

The Scottsdale, Arizona-based company said it had net income of 88 cents per share. Earnings, adjusted for one-time gains and costs, came to 95 cents per share.

The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.

The semiconductor components maker posted revenue of $1.72 billion in the period, also missing Street forecasts. Twelve analysts surveyed by Zacks expected $1.76 billion.

For the current quarter ending in March, ON Semiconductor Corp. expects its per-share earnings to range from 45 cents to 55 cents.

The company said it expects revenue in the range of $1.35 billion to $1.45 billion for the fiscal first quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ON at https://www.zacks.com/ap/ON