India, May 4 -- Semiconductor company onsemi (ON) Monday reported first-quarter results, with loss narrowing from last year as higher revenue and improving demand helped offset higher restructuring costs.
Revenue for the quarter rose to $1.51 billion from $1.45 billion in the same period last year.
The company reported a net loss of $33.4 million, or $0.08 per share, compared with a loss of $486.1 million, or $1.15 per share, a year ago. On a non-GAAP basis, earnings increased to $253.1 million, or $0.64 per share, from $231.6 million, or $0.55 per share in the prior-year period.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
Looking ahead, onsemi expects second-quarter revenue of $1.54 billion to $...