Texas Instruments Shares Seesaw After Q3 Results Beat Estimates, Weak Q4 Guidance
Portfolio Pulse from Erica Kollmann
Texas Instruments reported Q3 earnings that beat estimates, but provided weak Q4 guidance. The company reported earnings of $1.47 per share and revenue of $4.151 billion, both above expectations. However, Q4 earnings and revenue guidance fell short of analyst estimates.
October 22, 2024 | 8:35 pm
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Texas Instruments reported better-than-expected Q3 earnings and revenue, but issued weak Q4 guidance, causing shares to fluctuate. The company highlighted strong cash flow and significant investments in R&D and capital expenditures.
The Q3 earnings and revenue beat expectations, which is positive, but the weak Q4 guidance is a concern for investors, leading to mixed reactions in the stock price. The company's strong cash flow and investments indicate a solid business model, but the guidance suggests potential challenges ahead.
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