PHOENIX (AP) _ ON Semiconductor Corp. (ON) on Monday reported second-quarter net income of $455.8 million.

On a per-share basis, the Phoenix-based company said it had profit of $1.02. Earnings, adjusted for one-time gains and costs, came to $1.34 per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The semiconductor components maker posted revenue of $2.09 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $2.02 billion.

For the current quarter ending in October, ON Semiconductor Corp. expects its per-share earnings to range from $1.25 to $1.37.

The company said it expects revenue in the range of $2.07 billion to $2.17 billion for the fiscal third quarter.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ON at https://www.zacks.com/ap/ON

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