Today, August 3, 2011 ONNN ON Semiconductor misses by $0.01,... 4:08 PM ET | Briefing.com
4:00 PM ET 8/3/11 Symbol Last % Chg ONNN 8.57 2.51% Real time quote.
Reports Q2 (Jun) earnings of $0.25 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus Estimate of $0.26; revenues rose 55.3% year/year to $905.8 mln vs the $879.7 mln consensus. Co issues in-line guidance for Q3, sees Q3 revs of $895-925 mln, excluding non-recurring items, vs. $914.68 mln Capital IQ Consensus Estimate. "Backlog levels for the third quarter of 2011 represent approximately 90 percent of our anticipated third quarter 2011 revenues. We expect that average selling prices for the third quarter of 2011 will be flat to down approximately one percent when compared to the second quarter of 2011. The non-GAAP outlook for the third quarter of 2011 includes stock-based compensation expense of approximately $12 million