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ON Semiconductor ([[ONNN]] +4.3%) rises after beating Q4 estimates. The beat is overshadowing Q1 revenue guidance of $720M-$760M, which falls short of a $764.7M consensus - ON blames ongoing disruptions related to Thai flooding. Canaccord (Buy) is pleased with ON's prediction (echoed by peers) that Q1 represents a bottom for demand, and says its checks indicate there could be upside to consensus estimates. (transcript)

ON Semiconductor (ONNN +4.3%) rises after beating Q4 estimates. The beat is overshadowing Q1 revenue guidance of $720M-$760M, which falls short of a $764.7M consensus - ON blames ongoing disruptions related to Thai flooding. Canaccord (Buy) is pleased with ON's prediction (echoed by peers) that Q1 represents a bottom for demand, and says its checks indicate there could be upside to consensus estimates. (transcript) Post your comment!
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