Why On Semiconductor Stock Just Jumped 15%
Three months ago, shares of On Semiconductor (NASDAQ: ON) racked up double-digit gains after reporting a solid earnings beat relative to Wall Street expectations and, well ... "second verse, same as the first."
As of 1 p.m. EDT today, shares of this semiconductor stock are up 15.2% after the company delivered another earnings beat, for its fiscal Q3 2021. Instead of the $0.74-per-share profit and $1.71 billion in sales that Wall Street was expecting, this morning the company reported profits of $0.87 on sales of $1.74 billion.
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Source Fool.com
