Texas Instruments Q2 EPS $1.87 vs $2.45 Prior Year, Sales $4.53B Beat $4.37B Estimate
Portfolio Pulse from Benzinga Newsdesk
Texas Instruments reported Q2 earnings of $1.87 per share, a 23.67% decrease from the same period last year. However, the company's quarterly sales of $4.53 billion beat the analyst consensus estimate of $4.37 billion by 3.68%, despite being a 13.07% decrease from last year.
July 25, 2023 | 8:03 pm
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NEUTRAL IMPACT
Texas Instruments' Q2 earnings per share decreased by 23.67% YoY, but sales beat estimates by 3.68%.
While the decrease in earnings per share might negatively impact the stock, the fact that sales beat estimates could offset this impact. Therefore, the short-term impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100