PHOENIX (AP) _ ON Semiconductor Corp. (ON) on Monday reported fourth-quarter profit of $425.9 million.

On a per-share basis, the Phoenix-based company said it had net income of 96 cents. Earnings, adjusted for one-time gains and costs, were $1.09 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

The semiconductor components maker posted revenue of $1.85 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $1.79 billion.

For the year, the company reported profit of $1.01 billion, or $2.27 per share. Revenue was reported as $6.74 billion.

For the current quarter ending in April, ON Semiconductor Corp. expects its per-share earnings to range from 98 cents to $1.10.

The company said it expects revenue in the range of $1.85 billion to $1.95 billion for the fiscal first 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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