Stock Groups

Texas Instruments misses quarterly revenue estimates -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO: A Texas Instruments Office in San Diego (California), U.S.A, April 24, 2018, is displayed. REUTERS/Mike Blake

(Reuters) – Texas Instruments Inc (NASDAQ:) Inc fell short of Wall Street’s expectations for third quarter revenue Tuesday. The chipmaker was hampered by a supply chain problem and a shortage in semiconductor parts that prevented it from meeting the soaring demand.

The total revenue grew 22% from $3.82 to $4.64 Billion last year, and is now at $4.64 Billion. According to IBES data from Refinitiv, analysts were anticipating $4.66 trillion.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by market makers. As such, they may be incorrect and different from market prices. This means that prices cannot be used to trade. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]