Texas Instruments calls it: Auto chip sales are the only bright spot, and shares are calm
Texas Instruments Inc. shares were relatively placid in the extended session Tuesday after the analog chip maker’s earnings topped low expectations, and offered an outlook that stretched against analysts’ expectations.
Texas Instruments Inc. shares were relatively placid in the extended session Tuesday after the analog chip maker’s earnings topped low expectations, and offered an outlook that stretched against analysts’ expectations. For the fourth quarter, the company posted net income of $1.96 billion, or $2.13 a share, compared with $2.14 billion, or $2.27 a share, in the year-ago period.Analysts surveyed by FactSet had estimated earnings of $1.98 a share on revenue of $4.61 billion.Last quarter, it appeared as if auto-chip sales had become the sole growth driver in the analog chip segment, after the company focused on its long-term capacity buildout, amid a weak outlook for fourth-quarter earnings.
“As we expected, our results reflect weaker demand in all end markets, with the exception of automotive,” Templeton said.The company expects first-quarter earnings between $1.64 and $1.90 a share on revenue of $4.17 billion to $4.53 billion, while analysts surveyed by FactSet, on average, had forecast earnings of $1.86 a share on revenue of $4.41 billion. The company reported first-quarter earnings of $2.35 a share on revenue of $4.91 billion in 2022.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
A needed rain chance arrives in South Central Texas by Tuesday morningA welcomed rain chance arrives in the next 48 hours! Here's what we'll be monitoring as rain chances increase locally overnight Monday & Tuesday:
Weiterlesen »
North Texas roadway authorities, cities prepare for winter weather on TuesdayThe winter weather could impact travel on Tuesday, with cold rain during the morning commute and the potential for snow on the drive home.
Weiterlesen »
WATCH LIVE: Rain to arrive in South Central Texas Tuesday morningJOIN VIDEO LIVE CHAT 🌧 KSAT meteorologists are tracking rain, storms as they are expected to arrive in South Central Texas Tuesday morning.
Weiterlesen »
When and where you could see snow in North Texas TuesdayYou could see a mix of rain and snow in North Texas on Tuesday. See where and when the chances are the highest.
Weiterlesen »
Rain to arrive in South Central Texas Tuesday morningJOIN VIDEO LIVE CHAT 🌧 KSAT meteorologists are tracking rain, storms as they arrive in South Central Texas
Weiterlesen »
Film tragedy sparks bill for firearm safety on Texas film and TV setsRep. Sheryl Cole has filed House Bill 1471, which would require any film or television project that accepts state incentive funds to require anyone handing a gun to complete the state’s Hunter Education course.
Weiterlesen »