Texas Instruments on Pace for Largest Percent Decrease Since October 2018 -- Data Talk
October 23 2019 - 11:50AM
Dow Jones News
Texas Instruments Incorporated (TXN) is currently at $120.76,
down $7.81 or 6.07%
-- Would be lowest close since Aug. 23, 2019, when it closed at
$120.29
-- On pace for largest percent decrease since Oct. 24, 2018,
when it fell 8.22%
-- Earlier Wednesday, three firms cut their price target on
Texas Instruments, Benzinga reported
-- On Tuesday, Texas Instruments reported third-quarter profit
fell 9% to $1.43 billion, or $1.49 a share, at the high-end of the
company's forecast and ahead of the consensus estimate. But revenue
missed Wall Street expectations, falling to $3.77 billion, an 11.5%
decline from the comparable period
-- The company said it expects fourth-quarter profit to fall to
a range of 91 cents to $1.09 a share on $3.07 billion to $3.33
billion in revenue, well short of analysts' projected $1.28 a share
in profit and $3.57 billion in revenue, according to FactSet
-- Down 6.56% month-to-date; on pace for worst month since May
2019, when it fell 11.47%
-- Up 27.79% year-to-date; on pace for best year since 2017,
when it rose 43.13%
-- Down 8.3% from its all-time closing high of $131.69 on Oct.
15, 2019
-- Up 31.25% from 52 weeks ago (Oct. 24, 2018), when it closed
at $92.01
-- Down 8.3% from its 52 week closing high of $131.69 on Oct.
15, 2019
-- Up 37.54% from its 52 week closing low of $87.80 on Dec. 24,
2018
-- Worst performer in the S&P 500 today
-- Sixth most active stock in the S&P 500 today
-- Worst performer in the Nasdaq 100 today
-- Second most active stock in the Nasdaq 100 today
All data as of 11:09:22 AM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
October 23, 2019 11:35 ET (15:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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