ON Semiconductor (ON) Reports In-Line Q4 EPS

ON Semiconductor (NASDAQ: ON) reported Q4 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $840.3 million versus the consensus estimate of $850.25 million.

FIRST QUARTER 2016 OUTLOOK

"Based upon product booking trends, backlog levels, and estimated turns levels, we anticipate that total ON Semiconductor revenue will be approximately $800 million to $840 million in the first quarter of 2016," Jackson said. "Backlog levels for the first quarter of 2016 represent approximately 80 to 85 percent of our anticipated first quarter 2016 revenue. Average selling prices for the first quarter of 2016 are expected to be down approximately two percent when compared to the fourth quarter of 2015. The outlook for the first quarter of 2016 includes stock-based compensation expense of approximately $11 million to $13 million."

For earnings history and earnings-related data on ON Semiconductor (ON) click here.

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