Texas Instruments Inc. (NYSE: TXN) has posted earnings of $0.54 EPS and revenues of $3.56 Billion. TI gave guidance at the start of December with revenues between $3.5 to $3.66 Billion and an EPS range of $0.50 to $0.54. First call had analysts pegged at $0.52 EPS on $3.58 Billion in revenues.
The company has guided next quarter to $0.43 to $0.49 EPS on revenues of $3.27 to $3.55 Billion. Next quarter estimates are $0.45 EPS on $3.41 Billion in revenues.
- TI also used $1.88 billion to repurchase roughly 57 million shares of its common stock as part of its ongoing share buyback plan.
Texas Instruments closed down 1.6% at $28.98 after shares were down 2% at $28.87 late morning for our earnings preview. The 52-week trading range is actually $28.25 to $39.63. Shares did actually put in a brief 52-week low today of $28.00 right after the open, so that 52-week trading range will change after today. In after-hours trading, shares are up 3% from the close to $29.85.
Jon C. Ogg
January 22, 2008
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