Texas Instruments Incorporated (NYSE: TXN) raised guidance at its mid-quarter update. The problem is that looks like it has already been baked into the cake after seeing rivals make their guidance updates and with how much higher these chip stocks are trading from their lows.
Earnings are forecast to be $0.47 to $0.51 EPS, above the earlier range of $0.42 to $0.50 EPS. Revenue is now expected between $2.90 billion and $3.02 billion, compared with the prior range of $2.78 billion to $3.02 billion. Thomson Reuters has estimates at $0.47 EPS and $2.93 billion in revenues. The quarter a year ago was $0.12 EPS $2.491 billion in revenues.
Shares are down 2.2% at $25.75 in the after-hours session after closing down 1.1% at $26.33 today. The 52-week range is $13.70 to $27.00.
JON C. OGG
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
