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Onsemi beat Q1 earnings expectations despite a 22.4% revenue drop, with analysts still rating it a "Buy."
Onsemi reported first-quarter earnings of $0.55 per share, surpassing analysts' expectations by $0.04.
Despite a 22.4% drop in revenue to $1.45 billion compared to the same period last year, the company beat revenue forecasts.
Onsemi's Q2 guidance projects earnings between $0.45 to $0.55 per share and revenue between $1.40 billion and $1.50 billion.
Analysts at Zacks gave the company a "Buy" rating, with an average rating of "Moderate Buy" and a target price of $61.24.
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Onsemi superó las expectativas de ganancias del primer trimestre a pesar de una caída de ingresos del 22,4%, y los analistas aún la califican como "Comprar".