Texas Instruments Expects Q1 Revenue Of $3.45B-$3.75B (Est. $4.06B); EPS Of $0.96-$1.16
Portfolio Pulse from Benzinga Newsdesk
Texas Instruments (TXN) has provided Q1 revenue guidance of $3.45B-$3.75B, which is below the estimated $4.06B. The company also expects earnings per share (EPS) to be between $0.96 and $1.16.
January 23, 2024 | 9:14 pm
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Texas Instruments anticipates lower-than-expected Q1 revenue and EPS, which may lead to negative investor sentiment and a potential decrease in stock price in the short term.
The revenue and EPS guidance provided by Texas Instruments is significantly below analyst estimates, which typically results in a negative market reaction as it may indicate a slowdown in business or unmet performance expectations. Investors often react to such news by selling off shares, which can lead to a decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100