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ON Semiconductor Corporation (ON), with a market cap of $32.5 billion, is a leading manufacturer in the semiconductor industry. The Scottsdale, Arizona-based company provides a broad range of intelligent sensing and power solutions for automotive, industrial, and mobile markets. It is expected to release its fiscal Q2 earnings results before the market opens on Monday, Jul. 29.
Ahead of this event, analysts expect ON to report a profit of $0.93 per share, down 30.1% from $1.33 per share in the year-ago quarter. However, the company has surpassed Wall Street's bottom-line estimates in each of the last four quarterly reports. The company reported an EPS of $1.08 in the most recent quarter, exceeding the consensus EPS estimate by a 3.9% margin.
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