Texas Instruments Q1 2024 GAAP EPS $1.20 Beats $1.08 Estimate, Sales $3.660B Beat $3.611B Estimate
Portfolio Pulse from Benzinga Newsdesk
Texas Instruments (NASDAQ:TXN) reported Q1 2024 earnings of $1.20 per share, surpassing the $1.08 consensus estimate. Sales reached $3.660B, also beating the $3.611B estimate but marking a 16.42% decrease from the previous year.
April 23, 2024 | 8:01 pm
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POSITIVE IMPACT
Texas Instruments reported higher-than-expected Q1 2024 earnings and sales, with EPS at $1.20 and sales at $3.660B, exceeding estimates.
Beating both earnings and sales estimates typically leads to a positive short-term impact on a company's stock price. However, the significant year-over-year sales decrease might temper investor enthusiasm, hence the importance is not at the maximum. The confidence in this analysis is high due to the clear beat on both key financial metrics.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100