Texas Instruments Q3 GAAP EPS $1.85, Sales $4.53B Miss $4.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Texas Instruments (NASDAQ:TXN) reported Q3 earnings of $1.85 per share, beating the analyst consensus estimate of $1.81 by 2.21 percent. However, this is a 25.1 percent decrease from the same period last year. The company's quarterly sales of $4.53 billion missed the analyst consensus estimate of $4.57 billion by 0.83 percent, marking a 13.53 percent decrease from the same period last year.
October 24, 2023 | 8:15 pm
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NEGATIVE IMPACT
Texas Instruments reported a decrease in both earnings and sales compared to the same period last year. While earnings beat estimates, sales missed them.
Texas Instruments reported a decrease in both earnings and sales compared to the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the stock price. The fact that earnings beat estimates but sales missed them adds uncertainty to the outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100