CORRECTION: Texas Instruments Q3 EPS $1.47 Beats $1.37 Estimate, Sales $4.15B Beat $4.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Texas Instruments reported Q3 earnings of $1.47 per share, beating the $1.37 estimate, but down 20.54% from last year. Sales were $4.15B, surpassing the $4.12B estimate, yet down 8.41% from the previous year.
October 22, 2024 | 9:02 pm
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Texas Instruments' Q3 earnings and sales beat analyst estimates, but both figures are down compared to last year, indicating potential challenges.
While Texas Instruments exceeded analyst expectations for both earnings and sales, the year-over-year decline in both metrics suggests underlying challenges. This mixed performance may lead to a neutral short-term impact on the stock price as investors weigh the positive earnings surprise against the negative year-over-year performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100