Texas Instruments Stock Falls After Q2 Earnings: Here's Why
Portfolio Pulse from Ryan Gustafson
Texas Instruments Incorporated (NASDAQ:TXN) reported Q2 earnings of $1.87 per share, a 23.67% decrease from the same period last year, and sales of $4.53 billion, beating the analyst consensus estimate of $4.37 billion. The company expects Q3 revenue between $4.36 billion and $4.74 billion, and earnings per share between $1.68 and $1.92. TXN shares were down 2.43% after hours.
July 25, 2023 | 8:27 pm
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Texas Instruments reported a YoY decrease in Q2 earnings but beat sales estimates. The company's Q3 revenue and EPS projections are in line with consensus estimates. TXN shares fell 2.43% after hours.
Despite beating sales estimates, Texas Instruments reported a significant YoY decrease in Q2 earnings, which likely contributed to the after-hours drop in the company's share price. The company's Q3 projections are in line with consensus estimates, suggesting that the market had already priced in this information.
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