Onsemi (ON) shares jumped over 9% in intraday trading Monday after the maker of powe❀r semiconductors and sensors reported better-than-expected quarterly results and record annual automotive sales.

The chipmaker posted fourth-quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.25, beating estimates. Revenue declined 4% from a year ago to $2.02 billion, slightly above forecasts. Onsemi said its 2023 automotive revenue shot up 29% to an all-time high of $4.3 billion. Overall full-year revenue of $8.25 billion and EPS of $5.16 were higher than anticipated. 

In the fourth quarter, sales at the company’s Power Solutions Group rose 4% to $1.09 billion. They fell 11% at💦 its Advanced Solutions Group to $624.6 million and dropped 13% to $307.7 million at its Inte🐼lligent Sensing Group.

CEO Hassane El-Khoury said that the company continued to “transform t🎉he business by building resilience into our model.” He added that by doing so, Onsemi was able to “navigate uncertain market conditions and deliver more predictable and sustainable results.”

Shares of Onsemi were up 9.7% at $77.61 per share as of a🔯bout 3:30 p.m. ET Monday following the news. Despite Monday’s gain, shares have lost 3.5% over the past🦄 year.