Texas Instruments Stock Slides After-Hours - Here's Why
Portfolio Pulse from Ryan Gustafson
Texas Instruments Incorporated (NASDAQ:TXN) reported Q4 earnings of $1.49 per share, slightly above expectations but a 30.05% decrease from the previous year. Sales were $4.08 billion, below the $4.12 billion estimate and down 12.70% from last year. The company's outlook for Q1 revenue is also lower than expected, between $3.45 billion and $3.75 billion, compared to the $4.06 billion estimate. After the report, TXN shares dropped 3.61% in after-hours trading.
January 23, 2024 | 9:46 pm
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Texas Instruments reported lower-than-expected Q4 sales and a significant decrease in earnings per share compared to last year. The company's Q1 revenue forecast is also below analyst estimates, leading to a 3.61% drop in after-hours trading.
The negative earnings report and disappointing future revenue guidance are likely to impact investor confidence negatively, leading to a potential short-term decline in TXN's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100