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ON Semiconductor Easily Tops Forecast
PHOENIX (TheStreet) -- Chipmaker ON Semiconductor(ONNN Quote) is on target, easily beating analysts' expectations in the third-quarter and forecasting better-than-expected fourth-quarter revenue.
During the quarter, the company earned $29.9 million, or 7 cents a share, compared with $50.6 million, or 13 cents a share, a year ago.
Excluding items, the company actually earned 16 cents a share. Analysts expected ON to make 10 cents a share. ...
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