08:34 AM EDT, 10/28/2024 (MT Newswires) -- ON Semiconductor (OM) reported fiscal Q3 adjusted earnings Monday of $0.99 per diluted share, down from $1.39 a year earlier.

Analysts polled by Capital IQ expected $0.97.

Revenue for the quarter ended Sept. 27 was $1.76 billion, down from $2.18 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.75 billion.

For fiscal Q4, the company expects adjusted EPS in the range of $0.92 to $1.04. Analysts polled by Capital IQ expect $1.

Revenue for the fiscal quarter is expected to be in the range of $1.71 billion to $1.81 billion. Analysts surveyed by Capital IQ expect $1.78 billion.

Shares of the company were up 3.7% in recent Monday premarket activity.

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