Texas Instruments Beats Q3 Expectations, But Analysts 'Don't Yet See The Lift-Off In Sales Growth'
Portfolio Pulse from Priya Nigam
Texas Instruments (NASDAQ:TXN) reported better-than-expected Q3 results, but provided sluggish Q4 guidance. Analysts have mixed ratings, with some maintaining buy ratings and others neutral. The stock rose due to expectations of inventory correction ending.
October 23, 2024 | 3:49 pm
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Texas Instruments reported strong Q3 results but provided weak Q4 guidance. Analysts have mixed ratings, with some maintaining buy ratings and others neutral. The stock rose due to expectations of inventory correction ending.
Texas Instruments' strong Q3 results and the stock's rise despite weak Q4 guidance suggest positive investor sentiment. Analysts' mixed ratings reflect uncertainty, but the end of inventory correction is seen as a positive sign.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100