Little Greatness at Texas Instruments

Texas Instruments Inc. (NASDAQ: TXN) ticked marginally higher right after its quarterly earnings, but this is a report that offers very little good news about the health and expectations of its chip operations. The chip giant showed a quarterly revenue decline to $3.39 billion from $3.47 billion in the same quarter a year ago. Earnings managed to rise to $0.67 per share as it made $784 million in the quarter. Thomson Reuters had estimates of $0.46 EPS and $3.34 billion in revenue, but that headline earnings report includes a $0.22 per share gain and charges of $0.07 per share. If you back this out 0.52 EPS, compared to the same estimate of $0.46 EPS.

The company blamed the drop in revenues on weak chip demand and over a spotty market. The company did note that Analog and Embedded Processing each grew revenue by 2%. Guidance is where this report gets a bit slippery with $0.23 to $0.31 EPS and it sees revenue of $2.83 to $3.07 billion. Thomson Reuters had estimates of $0.42 EPS and $3.24 billion.

Texas Instruments closed down two-cents at $27.79 against a 52-week range of $26.06 to $34.24; shares were trading up initially but we currently show shares down three-cents more to $27.72 in the after-hours.


Read Full Story


NASDAQ 7,239.47 -16.97 -0.23%
S&P 500 2,732.22 1.02 0.04%
DJIA 25,219.38 19.01 0.08%
NIKKEI 225 22,149.21 428.96 1.97%
HANG SENG 31,115.43 599.83 1.97%
DAX 12,451.96 105.79 0.86%
USD (per EUR) 1.24 0.00 -0.02%
USD (per CHF) 0.93 0.00 0.17%
JPY (per USD) 106.56 0.30 0.28%
GBP (per USD) 1.40 0.00 -0.06%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.