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-0.000513570102319033 -0.000513570102319033 -0.0013036779520405 -0.00446410935092638 -0.00564927112550866 -0.00604432505036946 -0.0131552956978628 -0.00525421720064799
Stock impact report

ON Semiconductor Beats Views, Tower Semiconductor Misses [Investor's Business Daily]

CYPRESS SEMICONDUCTOR (CY) 
Last cypress semiconductor earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.cypress.com
Related news Chipmakers ON Semiconductor ( ON ) and Tower Semiconductor ( TSEM ) on Monday provided contrasting third-quarter earnings reports. ON Semi beat third-quarter estimates and guided higher for the current quarter, while Tower Semi disappointed on both counts. ON Semiconductor shares rose 6.4%, near 15.55, in premarket trading on the stock market today . Tower Semiconductor shares tumbled 15.9%, near 14.90. ON Semiconductor earned an adjusted 57 cents a share on sales of $1.54 billion in the third quarter. Analysts expected it to earn 51 cents a share on sales of $1.51 billion. On a year-over-year basis, earnings per share rose 30% while sales climbed 11%. "Our strong performance in the third quarter clearly demonstrates the strength of our business, even in face of volatility in a few end-markets," Chief Executive Keith Jackson said in a news release . "The key driver of our business today is significant content increase in several applications in automotive, industrial and Show less Read more
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