ON Semiconductor Guides Q3 Revenues Well Above Estimates - Update
(RTTNews) - While reporting financial results for the second quarter on Monday, ON Semiconductor Corp. (ON) provided earnings and revenue guidance for the third quarter.
For the third quarter, the company projects earnings in a range of $1.23 to $1.35 per share and adjusted earnings in a range of $1.25 to $1.37 per share on revenues between $2.07 billion and $2.17 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.26 per share on revenues of $2.01 billion for the quarter. Analysts' estimates typically exclude special items.
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The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday.
The Canadian dollar rose to more than a 4-1/2-month high of 0.8943 against the Australian dollar, from yesterday's closing value of 0.8955.
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TSX Ends Shortened Session On Firm Note
The Canadian market ended the shortened trading session on Tuesday modestly higher thanks to gains in energy and technology sectors. The volume of business remained rather thin as investors refrained from making significant moves ahead of Christmas and Boxing Day holidays.
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Swiss Franc Weakens Against Most Majors
The Swiss franc declined against its most major counterparts in the New York session on Tuesday.
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