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ON Semiconductor Corp. Q2 adjusted earnings Beat Estimates

Below are the earnings highlights for ON Semiconductor Corp. (ON):

-Earnings: $184.1 million in Q2 vs. -$1.4 million in the same period last year.
-EPS: $0.42 in Q2 vs. $0.00 in the same period last year.
-Excluding items, ON Semiconductor Corp. reported adjusted earnings of $275.8 million or $0.63 per share for the period.
-Analysts projected $0.49 per share
-Revenue: $1.67 billion in Q2 vs. $1.21 billion in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.68 to $0.80
Next quarter revenue guidance: $1,660 to $1,760 Mln

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