These Analysts Slash Their Forecasts On ON Semiconductor After Downbeat Results
1. ON Semiconductor's revenue fell 15% year-on-year to $1.72 billion. 2. Adjusted EPS missed estimates at 95 cents against a 97-cent consensus. 3. Q1 revenue forecast is $1.35B-$1.45B, below the $1.69B consensus. 4. Analysts lowered price targets significantly after earnings, indicating bearish sentiment. 5. Stock dropped 8.2% to $47.04 following disappointing quarterly results.