WASHINGTON (dpa-AFX) - ON Semiconductor Corp. (ONNN) reported that its first-quarter GAAP net income attributable to the company was $28.2 million, or $0.06 per share, down from $35.5 million or $0.08 per share in the year ago quarter. The first quarter 2012 GAAP net income was impacted by $29.3 million of special items which include restructuring charges and other items.
First quarter 2012 non-GAAP net income was $57.5 million, or $0.12 per share compared to $118.9 million, or $0.26 per share in the prior year quarter.
Total revenues for the first quarter were $744.4 million, down from $870.6 million in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share on revenues of $742.89 million for the quarter. Analysts' estimates typically exclude special items.
The company expects revenues to be in the range of approximately $745 million to $785 million for the second quarter of 2012. Analysts expect the company to report revenues of $782.81 million for the second-quarter.
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