TXN

Texas Instruments Inc. Reveals Decline In Q1 Profit, but beats estimates

(RTTNews) - Texas Instruments Inc. (TXN) revealed earnings for first quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $1.11 billion, or $1.20 per share. This compares with $1.71 billion, or $1.85 per share, in last year's first quarter.

Analysts on average had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 16.4% to $3.66 billion from $4.38 billion last year.

Texas Instruments Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $1.11 Bln. vs. $1.71 Bln. last year. -EPS (Q1): $1.20 vs. $1.85 last year. -Revenue (Q1): $3.66 Bln vs. $4.38 Bln last year.

-Guidance: Next quarter EPS guidance: $1.05 - $1.25 Next quarter revenue guidance: $3.65 - $3.95 Bln

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.