ON Slides Despite Earnings Beat, XYZ Downgrade, TSN Revenue Trim

Onsemi (ON) sold off this morning despite posting an earnings beat and guidance raise. Diane King Hall says an uncertain auto industry outlook may play a role in the selling action. On Tyson Foods (TSN), she notes a slight revenue miss which came primarily from its beef and pork sales. Macquarie downgraded Block (XYZ) to neutral from outperform as the company continues to see fallout from its weaker-than-expected earnings.

Morning Trade Live

05 May 2025

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