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Onsemi Shares Plunge After Guidance Miss as Sales Soften

Financial Concepts

Definition

Key Takeaways Onsemi gave current quarter guidance that was below forecasts as its sales and operating margin declined.CEO Hassane El-Khoury said the company was starting to see "pockets of softness," and cited risks from higher interest rates.Shares of Onsemi sank following the news, dipping to their lowest level since the beginning of the year. Onsemi (ON) shares plummeted over 18% in early trad

In Panel Profits

In the Panel Profits market platform, Onsemi Shares Plunge After Guidance Miss as Sales Soften applies standard financial concepts principles to comic assets and physical collections.

Common mistakes

Do not infer unobserved prices.