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Texas Instruments Earnings Beat, Revenue Misses In Q3 -Breaking

by Mike Robinson

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© Reuters. Texas Instruments’ Earnings beat, but Revenue is Lower in Q3

Texas Instruments (NASDAQ) reported Tuesday that the third quarter beat analyst forecasts, and that revenue was below expectations.

Texas Instruments reported earnings per share at $2.07 for revenue $4.64B. Investing.com polled analyst to predict EPS of $2.05 based on $4.66B in revenue.

Texas Instruments shares rose 58% over the course of the year. They are down 2.71% since October 25, when it hit a 52-week high at $202.26. They outperform the market, up 20.73% over the previous year.

After-hours trading for Texas Instruments was affected by the news and saw a loss of 4.97%.

Texas Instruments reports this month’s top Technology sector earnings

The Texas Instruments report comes after an Alphabet C earnings beat on Tuesday. They reported EPS at $27.99 for revenue $65.12B. This compares to the forecasts of EPS at $23.84 for revenue $63.47B.

Facebook beat all expectations Monday, posting a third-quarter EPS of 3.22 on $29.01B in revenue. This compares to the forecast of EPS at $3.19 for $29.58B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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