TI reports 2Q15 financial results and shareholder returns
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Cowen Cuts the Price Target to $58 on Texas Instruments (TXN) Following 2Q15
July 23, 2015 8:16 AM EDTCowen reiterated a Market Perform rating on Texas Instruments (NASDAQ: TXN), and cut the price target to $58.00 (from $60.00), following its 2Q15 earnings report. TXN reported EPS of $0.65, $0.01 below Street. Analyst Timothy Arcuri said that revenue continues to face headwinds in end markets such as wireless... More
UPDATE: Texas Instruments (TXN) Reports In-Line Q2 EPS; Issues Light Q3 Outlook
July 22, 2015 4:30 PM EDT(Updated - July 22, 2015 4:32 PM EDT)
Texas Instruments (NASDAQ: TXN) reported Q2 EPS of $0.65, in-line with the analyst estimate of $0.65. Revenue for the quarter came in at $3.23 billion versus the consensus estimate of $3.26 billion.
Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:
"Revenue declined 2 percent year over year, inclusive of notably weak demand in communications equipment and continued strong demand in automotive."Even so, our core businesses of Analog... More