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General

Avnet, ON Semiconductor lower results guidance on coronavirus outbreak

Friday 6 March 2020 | 16:06 CET | News
Both Avnet and ON Semiconductors say their results will be hit by the outbreak of the coronavirus (covid-19). Avnet said simply that it will not be able to meet its guidance for fiscal quarter 2020. ON Semiconductor said revenues for the first quarter will be lower than previous forecast, at USD 1.275-1.325 billion, from 1.355-1.405 billion, respectively. The company added that the revised guidance is based on information to date and that it could still change.

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Categories: General
Companies: Avnet / ON Semiconductor
Countries: World
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