Shares of Texas Instruments (TXN) Move Up on Q1 Earnings Report; CEO Saw Business Cycle Bottom
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Price: $35.97 -0.06%
Revenue Growth %: -7.4%
Financial Fact:
Provision for income taxes: 12M
Today's EPS Names:
ANF, DXLG, FL, More
Revenue Growth %: -7.4%
Financial Fact:
Provision for income taxes: 12M
Today's EPS Names:
ANF, DXLG, FL, More
Trade TXN Now!
Shares of Texas Instruments (NYSE: TXN) are trading up 2.63% to $32.70 in after-hours. The company reported Q1 EPS of $0.22, 5 cents above the analyst estimate of $0.17. Revenues were $3.12 billion versus the consensus estimate of $3.06 billion.
TXN issues in-line guidance, but the range slightly favors upside, including: Seeing Q2 2012 EPS of $0.30-$0.38, vs. the consensus of $0.32. TXN sees Q2 2012 revenue of $3.22-$3.48 bln vs. the consensus of $3.29 bln.
"As we expected, our business cycle bottomed in the first quarter, and early signs of growth began to emerge," said Rich Templeton, TI's chairman, president and CEO. "Orders were up 13 percent, and backlog is growing again. Particularly encouraging is the breadth of increased orders across geographical regions and markets, including the industrial sector.
For the full year of 2012, TI continues to expect approximately the following: 1) R&D expense: $2.0 billion; 2) Capital expenditures: $0.7 billion; 3) Depreciation: $1.0 billion; and 4) Annual effective tax rate: 28%
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TXN issues in-line guidance, but the range slightly favors upside, including: Seeing Q2 2012 EPS of $0.30-$0.38, vs. the consensus of $0.32. TXN sees Q2 2012 revenue of $3.22-$3.48 bln vs. the consensus of $3.29 bln.
"As we expected, our business cycle bottomed in the first quarter, and early signs of growth began to emerge," said Rich Templeton, TI's chairman, president and CEO. "Orders were up 13 percent, and backlog is growing again. Particularly encouraging is the breadth of increased orders across geographical regions and markets, including the industrial sector.
For the full year of 2012, TI continues to expect approximately the following: 1) R&D expense: $2.0 billion; 2) Capital expenditures: $0.7 billion; 3) Depreciation: $1.0 billion; and 4) Annual effective tax rate: 28%
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