Texas Instruments Q3 Results Top Estimates, but Weaker Guidance Weighs
Tweet
Share
E-mail
Get Alerts TXN Hot Sheet
EPS Growth %: +36.2%
Financial Fact:
Cost of revenue: 1.4B
Today's EPS Names:
CGEH, NAKA, APOG, More
Join SI Premium – FREE
By Yasin Ebrahim
Investing.com -- Chipmaker Texas Instruments reported Tuesday third-quarter earnings that topped analysts' expectations, but its current quarter outlook fell short of estimates.
Texas Instruments (NASDAQ: TXN) shares fell nearly 6% in after-hours trade following the report.
Texas Instruments announced earnings per share of $2.45 on revenue of $5.24B. Analysts polled by Investing.com anticipated EPS of $2.39 on revenue of $5.14B.
During the quarter, the company said it "experienced expected weakness in personal electronics and expanding weakness across industrial."
Analog revenue, which makes up the bulk of overall revenue, increased 13% year-on-year in the quarter, while embedded processing gained 11%.
Texas Instruments guided fourth-quarter revenue in the range of $4.40 billion to $4.80 billion, and earnings per share between $1.83 and $2.11. That was below estimates for earnings of $2.24 a share on revenue of $4.95 billion.
You May Also Be Interested In
- onsemi downgraded by TD Cowen after Synaptics deal clouds growth story
- Investing.com’s stocks of the week
- AB Science reports phase 1 data for AB8939 plus venetoclax in AML
Create E-mail Alert Related Categories
EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
