Texas Instruments Guides Q3 EPS $2.23-$2.57, Setting the Bar for Second Half
TXN sits 90% above its 52-week low of $152.73.
Summary
Texas Instruments issued Q3 EPS guidance of $2.23 to $2.57, the first look at the second half. The range brackets current consensus and follows a Q1 where revenue grew 19% and EPS 31% year-over-year. The midpoint of $2.40 implies sequential stability, but the wide spread reflects ongoing demand uncertainty in industrial and automotive end markets. With the stock at $290 and a $268B market cap, the guidance will anchor post-earnings models. The Q2 earnings call later today will provide management's commentary on order trends and channel inventory.
At the time of this announcement, TXN was trading at $290.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $267.7B. The 52-week trading range was $152.73 to $334.03. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.