|Day's Range||40.90 - 40.90|
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Texas Instruments (TXN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Texas Instruments (TXN) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
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The full-year results for Texas Instruments Incorporated (NASDAQ:TXN) were released last week, making it a good time...
Texas Instruments Incorporated (NASDAQ:TXN) is about to trade ex-dividend in the next 3 days. If you purchase the...
Texas Instruments shares dipped 1% in a down market after posting annual declines in revenue and EPS for 4Q19 but beating consensus expectations for both. The company cheered semiconductor investors when it characterized its end markets as “stabilizing,” while not expressing undue optimism about the outlook.
Weakness in the components industry due to macroeconomic downsides and sluggish Farnell business affect Avnet's (AVT) second-quarter fiscal 2020 results. However, cost-saving efforts are a breather.
(Bloomberg) -- Intel Corp.’s better-than-expected forecasts delivered the kind of good news semiconductor investors were looking for to justify record highs.The biggest U.S. chipmaker projected revenue in the current quarter of about $19 billion, more than $1 billion above the highest analyst estimate, according to data compiled by Bloomberg. Perhaps even more important for the broader industry, Intel’s data center revenue in the fourth quarter also expanded by 19%, compared with the same period a year ago. That beat the average of analyst estimates compiled by Bloomberg at 5.3%.Nvidia Corp., Micron Technology Inc. and Advanced Micro Devices all rose more than 1.5% in after-hours trading while Intel gained as much as 7.8%. The Philadelphia semiconductor index has gained more than 5% since the start of the year and closed at a fresh record on Thursday.Intel’s results came a day after Texas Instruments Inc. calmed nerves with a forecast that met estimates but failed to spark a rally.To contact the reporter on this story: Jeran Wittenstein in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Texas Instruments Inc. gave a quarterly sales and profit forecast that was in line with estimates, indicating that demand from electronics makers is poised to improve amid progress resolving the China-U.S. trade dispute.First-quarter earnings will be 96 cents a share to $1.14 a share, on revenue of $3.12 billion to $3.38 billion, the Dallas-based company said Wednesday in a statement. On average, analysts predicted profit of $1.04 a share and sales of $3.2 billion, according to data compiled by Bloomberg.Texas Instruments has the biggest customer list and widest product range in the semiconductor industry, making its earnings an indicator of demand across the economy. The company has told investors the electronics business is in the middle of a typical cyclical decline after companies ordered too many parts last year. Such gluts typically last five quarters. In Wednesday’s report, which also included fourth-quarter results, Texas Instruments posted its fifth consecutive period of year-over-year revenue declines.“Most markets showed signs of stabilizing,” the company said in the statement.The company’s forecast for the first quarter was held back by the outlook for the communications equipment industry, which is “going down hard,” Chief Financial Officer Rafael Lizardi said during a conference call. Texas Instruments’ key industrial and automotive markets are close to returning to growth, he said.Shares fell about 1% in extended trading after closing at $133.34 in New York. Despite the revenue declines, the stock has posted a 38% gain in the past 12 months.Three months ago, Texas Instruments said that the U.S. trade dispute with China, the world’s largest market for semiconductors, was adding to customer caution. Since then the countries have signed the first part of what’s promised to be a comprehensive set of trade agreements.Like other chipmakers, the company has raised to the U.S. government the risks to the industry from the trade fight with China and the action taken against Huawei Technologies Co., the Chinese telecommunications equipment giant. The Trump administration has barred U.S. companies from doing business in many cases with Huawei, citing national security concerns.Texas Instruments generated 3% to 4% of its annual revenue in 2019 and 2018 from Huawei, one of the biggest buyers of semiconductors, the company said.On Wednesday, Texas Instruments reported fourth-quarter net income fell to $1.07 billion, or $1.12 per share, from $1.24 billion, or $1.27, in the same period a year earlier. Revenue dropped almost 10% to $3.35 billion. Analysts had estimated a profit of $1.01 a share on sales of $3.21 billion.The company’s chips perform basic functions in everything from factory machinery to mobile phones. Texas Instruments gets the biggest portion of its revenue from the industrial market and is also a major supplier to automakers and telecommunications equipment producers.(Updates with comment from CFO in the fifth paragraph.)To contact the reporter on this story: Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Texas Instruments (TXN) delivered earnings and revenue surprises of 9.80% and 3.93%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
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Texas Instruments (NASDAQ:TXN) on Wednesday reported better-than-expected quarterly results as the backdrop in its core semiconductor markets showed signs of stabilizing. Looking ahead to the first quarter of 2020, Texas Instruments (NASDAQ:TXN) said it expected to report earnings per share in the range of $0.96 to $1.14, compared with the consensus of $1.03. Texas Instruments shares lost 1% in after-hours trading.
Dow component Johnson & Johnson earnings and existing home sales for December will be the focal points for investors Wednesday.
As most companies in this space have seen no negative earnings estimate revisions and have a favorable Zacks Rank, semiconductor ETFs might continue to see smooth trading in the weeks ahead.