ON Semiconductor reports lower income, higher revenue after Fairchild acquisition

ON Semiconductor Corp. reported a big income drop but higher revenue after the company acquired the semiconductor behemoth Fairchild this quarter. ON (Nasdaq: ON), the Phoenix-based semiconductor company, announced its third quarter 2016 results today. ON reported net income of $10.6 million, or 2 cents per share, on revenue of $950.9 million for the quarter ended Sept. 30. That compares to net income of $46.8 million, or 11 cents per share, on revenue of $904.2 million for the same quarter a…
http://feeds.bizjournals.com/~r/bizj_phoenix/~3/ccOXKrl7UOY/on-semiconductor-reports-lower-income-higher.html

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