Texas Instruments shares are trading lower after the company issued Q3 EPS guidance with a midpoint below estimates. The company said it experienced weakness across end markets.
Portfolio Pulse from Bill Haddad
Texas Instruments has issued Q3 EPS guidance with a midpoint below estimates, citing weakness across end markets. This has led to a decrease in the company's share price.
July 26, 2023 | 2:08 pm
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Texas Instruments' Q3 EPS guidance is lower than expected, leading to a decrease in its share price.
Texas Instruments' lower than expected Q3 EPS guidance indicates potential financial instability or underperformance, which is likely to negatively impact investor sentiment and lead to a decrease in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100