ON Semiconductor Stock Falls After Earnings. Here’s What Went Wrong. - Barron's

1. ON Semiconductor missed Q4 earnings expectations, reporting 95 cents instead of 97 cents. 2. Revenue of $1.72 billion also fell short of the $1.76 billion estimate. 3. All business segments saw declining year-over-year revenue, notably Power Solutions Group down 16%. 4. Management forecasts Q1 earnings between 45 cents and 55 cents, lower than 89 cents expected. 5. Revenue guidance is between $1.35 billion and $1.45 billion, also below analyst estimates.