ON Semi Shrs Rally On Strong Q3, Upbeat Outlook - Eric Savitz (Barron's)

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ON Semi Shrs Rally On Strong Q3, Upbeat Outlook
Nov 05, 2009 01:46 PM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
ONNN	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

ON Semiconductor (ONNN) shares are trading higher this morning after the chipmaker late yesterday posted better-than-expected Q3 results.

For the quarter, ONNN reported revenue of $472.9 million and non-GAAP profits of 16 cents a share; the Street had been looking for $454.9 million and 10 cents.

For Q4, ONNN is expecting sales of $480 million to $495 million, above the Street at $468.3 million.

ONNN this morning is up 52 cents, or 7.6%, to $7.35.

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