Onsemi, a company that makes chips for electronics, had a tough quarter! Their sales went down, and they didn't make as much money as expected. This is because the economy isn't doing so well right now.
- Onsemi's sales dropped in all parts of their business.
- They earned less money than people thought they would.
- The company isn't sure what will happen in the future.
| Item | Number |
|---|---|
| Sales drop (year-over-year) | 15% |
| Q4 Earnings per share (EPS) | $0.95 |
| Predicted Q1 Revenue | $1.35 - $1.45 billion |
| Stock Price Change | Down 6.5% |
Onsemi's stock price went down because of the bad news. It's important to remember that investing in stocks is risky!
