Texas Instruments (TXN) Posts Better-Than-Expected Q3 Results; Guides Q4 In Line
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Price: $36.77 +0.46%
Revenue Growth %: -7.4%
Financial Fact:
Cost of revenue: 1.51B
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Revenue Growth %: -7.4%
Financial Fact:
Cost of revenue: 1.51B
Today's EPS Names:
LBIX, ESEA, ISS, More
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Texas Instruments (NYSE: TXN) announced better-than-expected results for the third quarter on Monday, as the company guides for the fourth quarter roughly in line with the Street's view, as the company's smartphone chips continue to gain market share.
The semiconductor maker reported third-quarter earnings of 71 cents per share, 2 cents better than the analyst estimate of 69 cents per share.
Revenue for Texas Instruments rose 30 percent to $3.74 billion in the period, beating the market consensus of $3.69 billion.
"Demand from industrial markets was especially strong, while consumer demand cooled, impacting markets such as computing and televisions," said Rich Templeton, TI chairman, president and chief executive officer. "Across a wide array of markets, our Analog and Embedded Processing products and Wireless smartphone chips continued to gain share. These products are broadly needed in today's electronic equipment, and our market share gains reflect the focused investments we've made in our portfolio, applications support and manufacturing capacity."
Looking forward, the company sees fourth-quarter sales of $3.36-$3.64 billion, versus the consensus of $3.51 billion, with EPS of 59-67c, compared to the consensus of 63c.
UPDATE: Click here to see some highlights from TI's Q3 conference call.
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The semiconductor maker reported third-quarter earnings of 71 cents per share, 2 cents better than the analyst estimate of 69 cents per share.
Revenue for Texas Instruments rose 30 percent to $3.74 billion in the period, beating the market consensus of $3.69 billion.
"Demand from industrial markets was especially strong, while consumer demand cooled, impacting markets such as computing and televisions," said Rich Templeton, TI chairman, president and chief executive officer. "Across a wide array of markets, our Analog and Embedded Processing products and Wireless smartphone chips continued to gain share. These products are broadly needed in today's electronic equipment, and our market share gains reflect the focused investments we've made in our portfolio, applications support and manufacturing capacity."
Looking forward, the company sees fourth-quarter sales of $3.36-$3.64 billion, versus the consensus of $3.51 billion, with EPS of 59-67c, compared to the consensus of 63c.
UPDATE: Click here to see some highlights from TI's Q3 conference call.
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