Texas Instruments Midpoint for 3Q EPS Guidance Below Wall Street Estimates
July 25 2023 - 5:14PM
Dow Jones News
By Brenda León
Texas Instruments issued third-quarter earnnings per share
guidance largely below Wall Street expectations.
The Dallas-based semiconductor company on Tuesday said it
expects per share earnings between $1.68 and $1.92 in the third
quarter. Analysts recently polled by Factset expected $1.91 a
share.
The company expects third-quarter revenue between $4.36 billion
and $4.74 billion. Analysts expected $4.59 billion.
The outlook comes after the company reported second-quarter
earnings and revenue that exceeded analyst expectations, despite
continued weakness across end markets.
Shares fell 2.4% to $181.51 in after-hours trading.
Write to Brenda León at brenda.leon@wsj.com
(END) Dow Jones Newswires
July 25, 2023 16:59 ET (20:59 GMT)
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