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ON Semiconductor Corp. Q4 adjusted earnings Beat Estimates

ON Semiconductor Corp. (ON) reported earnings for its fourth quarter that increased from the same period last year.

The company's bottom line came in at $89.0 million, or $0.21 per share. This compares with $56.5 million, or $0.14 per share, in last year's fourth quarter.

Excluding items, ON Semiconductor Corp. reported adjusted earnings of $147.1 million or $0.35 per share for the period.

Analysts had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.6% to $1.45 billion from $1.40 billion last year.

ON Semiconductor Corp. earnings at a glance:

-Earnings (Q4): $147.1 Mln. vs. $124.3 Mln. last year.
-EPS (Q4): $0.35 vs. $0.30 last year.
-Analysts Estimate: $0.28
-Revenue (Q4): $1.45 Bln vs. $1.40 Bln last year.

-Guidance:
Next quarter revenue guidance: $1,410 to $1,510 Mln

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