ON Semiconductor Guides Q3 In Line With 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 of fiscal 2024, which was in line with estimates.
For the third quarter, the company projects earnings in a range of $0.85 to $0.97 per share and adjusted earnings in a range of $0.91 to $1.03 per share on revenues between $1.70 billion and $1.80 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.97 per share on revenues of $1.78 billion for the quarter. Analysts' estimates typically exclude special items.
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Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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Canadian Dollar Rises As Crude Oil Prices Traded Higher
The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday, as the crude oil prices moved higher on expectations the Chinese government will announce additional stimulus revive growth in the world's second largest economy.
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Canadian Dollar Rises Against Majors
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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