ON Semiconductor Q1 Profit Up - Quick Facts

(RTTNews) - ON Semiconductor Corp. (ONNN) Thursday reported first-quarter profit of $58.4 million or $0.13 per share, up from $23.3 million or $0.05 per share in the same period last year.

Adjusted earnings for the quarter were $75.2 million or $0.17 per share. On average, 19 analysts polled by Thomson Reuters expected the company to earn $0.15 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $706.5 million from $661.0 million last year. Analysts expected revenues of $711.67 million. Looking ahead to the second quarter, the company has forecast revenues in the range of $738 million to $768 million. Analysts currently expect second-quarter revenues of $741.82 million.