Texas Instruments Sees Q4 EPS $1.07-$1.29 Vs $1.34 Est.; Revenue $3.7B-$4B Vs $4.07B Est.
Portfolio Pulse from Benzinga Newsdesk
Texas Instruments has provided a fourth-quarter outlook with expected revenue between $3.7 billion and $4 billion, and EPS between $1.07 and $1.29, both below analyst estimates.
October 22, 2024 | 8:04 pm
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Texas Instruments' Q4 guidance falls short of analyst expectations, with projected revenue of $3.7B-$4B and EPS of $1.07-$1.29, compared to estimates of $4.07B and $1.34 respectively.
The guidance provided by Texas Instruments for Q4 is below analyst expectations for both revenue and EPS. This is likely to negatively impact the stock price in the short term as investors react to the lower-than-expected financial outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100