Texas Instruments Inc. (NYSE: TXN) just posted earnings of $0.49 EPS after items, which was really $0.43 when accounting for a tax gain and it reported Revenues of $3.27 Billion, while First Call had estimates of $0.43 EPS on $3.28 billion in revenues.
The company gave guidance for the coming quarter of $0.42 to $0.48 on Revenues of $3.24 to $3.50 Billion versus estimates of $0.48 EPS on $3.44 Billion in revenues. The company showed orders trending down with that levels recorded as $3.22 Billion in new orders.
Analyst estimates had already come down gradually during the quarter, and the average analyst target ahead of earnings was right around $34.00.
If this was a few weeks the market might be punishing it more, but now the market seems to at least be accepting this as a "less-bad, therefor good" event for now. Shares closed up over 3% at $30.59, and shares are down just under 2% at $30.59 in after-hours; the 52-week trading range is $27.51 to $39.63.
Jon C. Ogg
April 21, 2008
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