Consumer Electronics
Texas Instruments Guidance Signals: Sales and Earnings Remain On Track (TXN, NOK)
Published:
Last Updated:
Texas Instruments Incorporated (NASDAQ: TXN) is out with guidance in its second quarter business update. While the results are said to be “narrowed” they are narrowed equally between the high-end and low-end of the ranges offered up after earnings back in April. This should be considered a reaffirmed guidance rather than anything ominous if you have been tracking the woes of Europe and the woes of key customer Nokia Corporation (NYSE: NOK).
TI now expects its financial results to be within $3.28 billion to $3.42 billion in sales, versus a prior range of $3.22 billion to $3.48 billion. Earnings are now being put in a range of $0.32 to $0.36 per share, versus a prior range of $0.30 to $0.38 per share.
We are actually seeing a positive reaction today in the after-hours that is helping the chip-maker to regain some of Monday’s losses. Shares closed down 3% at $27.65 and the stock has regained close to half of those losses as the stock is trading up 1.45% at $28.05 in the after-hours session.
JON C. OGG
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
