Texas Instruments (TXN) Stock Gains Following Earnings, Revenue Beat
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Texas Instruments forecasts upbeat current-quarter earnings on strong chip demand
July 26, 2022 4:05 PM EDTBy 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
Texas Instruments (TXN) Tops Q2 EPS by 32c
July 26, 2022 4:02 PM EDTTexas 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
