Texas Instruments Tops Third-Quarter Earnings Target But Sales Light

Must read

Chipmaker Texas Instruments (TXN) late Tuesday beat estimates for earnings in the third quarter but came up short on sales. TXN stock fell in extended trading.


The Dallas-based company earned $1.85 a share on sales of $4.53 billion in the September quarter. Analysts polled by FactSet had predicted TI earnings of $1.82 a share on sales of $4.58 billion. In the year-earlier period, Texas Instruments earned $2.47 a share on sales of $5.24 billion.

TI’s report marked the company’s fourth straight quarter of declining sales and earnings on a year-over-year basis.

In after-hours trading on the stock market today, TXN stock sank 4% to 141. During the regular session Tuesday, TXN stock advanced 0.4% to close at 146.92.

Earnings report details to follow.

Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.


Logitech Stock Jumps As Peripherals Maker Returns To Earnings Growth

Music Streamer Spotify Posts Surprise Profit As Subscribers Beat Estimates

Cadence Design Systems Tops Q3 Views But Misses With Outlook

See Stocks On The List Of Leaders Near A Buy Point

Find Winning Stocks With MarketSmith Pattern Recognition & Custom Screens

More articles

Latest article