Cowen Cuts the Price Target to $58 on Texas Instruments (TXN) Following 2Q15
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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... MoreTrading Radar for 7/22: Texas Instruments (TXN), Qualcomm (QCOM), Whirlpool (WHR), Las Vegas Sands (LVS), Xilinx (XLNX) Report
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