ON Semiconductor Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - ON Semiconductor (NASDAQ:ON)

Core Viewpoint - ON Semiconductor Corporation is expected to report a decline in earnings and revenue for the fourth quarter compared to the previous year [1] Group 1: Earnings Expectations - Analysts anticipate ON Semiconductor will report earnings of 62 cents per share for the fourth quarter, a decrease from 95 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is projected at $1.54 billion, down from $1.72 billion a year earlier [1] Group 2: Share Repurchase Program - ON Semiconductor's board has authorized a share repurchase program of up to $6 billion over the next three years [2] - Following the announcement, ON Semiconductor shares increased by 3.3%, closing at $65.20 [2]