PHOENIX (AP) _ ON Semiconductor Corp. (ON) on Monday reported third-quarter earnings of $309.7 million.

On a per-share basis, the Phoenix-based company said it had net income of 70 cents. Earnings, adjusted for one-time gains and costs, were 87 cents per share.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The semiconductor components maker posted revenue of $1.74 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $1.71 billion.

For the current quarter ending in December, ON Semiconductor Corp. expects its per-share earnings to range from 89 cents to $1.01.

The company said it expects revenue in the range of $1.74 billion to $1.84 billion for the fiscal fourth 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News