Texas Instruments Q3 EPS Hits $2.62, Topping Guidance Range
TXN sits 86% above its 52-week low of $152.73.
Summary
TI posted Q3 EPS of $2.62, comfortably above the $2.23-$2.57 guidance it gave with Q2 results in July. That is a clear beat against its own range for a company whose earnings are closely tied to analog and embedded chip demand. Q3 revenue came in at $6.06B and net income at $2.42B. The print follows a strong Q2, when revenue rose 23% year over year to $5.46B, and comes after the September 8-K raising the quarterly dividend 7% to $1.52. For the fourth quarter, TI sees revenue of $5.8B-$6.3B and EPS of $2.45-$2.79.
At the time of this announcement, TXN was trading at $284.37 on NASDAQ in the Technology sector, with a market capitalization of approximately $259.7B. The 52-week trading range was $152.73 to $334.03. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.