Texas Instruments Sees Q2 Revenue $3.65B-$3.95B vs $3.77B Est., EPS $1.05-$1.25 vs $1.16 Est.
Portfolio Pulse from Benzinga Newsdesk
Texas Instruments (TXN) projects Q2 revenue to be between $3.65B and $3.95B, compared to the estimated $3.77B. EPS is expected to be in the range of $1.05 to $1.25, against an estimate of $1.16.
April 23, 2024 | 8:03 pm
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Texas Instruments anticipates Q2 revenue to exceed expectations with a range of $3.65B-$3.95B and EPS of $1.05-$1.25, closely aligning with the $1.16 estimate.
Texas Instruments' projected revenue and EPS for Q2 suggest a positive outlook, likely leading to an optimistic investor sentiment. The revenue forecast exceeds the market estimate, indicating potential growth and financial health. The EPS projection, being in line with estimates, reinforces this positive outlook. Given these factors, TXN's stock price is likely to experience upward pressure in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100