Texas Instruments (TXN) Stock Gains Following Earnings, Revenue Beat
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July 26, 2022 4:05 PM EDT
By Yuvraj Malik
(Reuters) -Chipmaker Texas Instruments Inc on Tuesday forecast current-quarter revenue largely above expectations, betting on sustained demand from industrial and automotive customers and an improvement in shipments as supply-chain bottlenecks start to ease.
Share of the Dallas, Texas-based company rose 4% in extended trade, with chipmakers Intel Corp and Nvidia Corp seeing gains as well.
Some of the bigger chip companies, including Taiwan Semiconductor Manufacturing Co and... More
July 26, 2022 4:02 PM EDT
Texas Instruments (NASDAQ: TXN) reported Q2 EPS of $2.45, $0.32 better than the analyst estimate of $2.13. Revenue for the quarter came in at $5.21 billion versus the consensus estimate of $4.65 billion.
GUIDANCE:
Texas Instruments sees Q3 2022 EPS of $2.23-$2.51, versus the consensus of $2.26.... More
