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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (91495)	1/23/2024 6:20:02 PM
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Texas Instruments Misses Q4 Sales Target, Gives Disappointing Outlook finance.yahoo.com Chipmaker Texas Instruments ( TXN) late Tuesday beat Wall Street's earnings target for the fourth quarter but came up short on sales. It also guided well below estimates for the current period. TXN stock fell in extended trading. he Dallas-based company earned $1.49 a share on sales of $4.08 billion in the December quarter. Analysts polled by FactSet had expected TI earnings of $1.47 a share on sales of $4.12 billion. On a year-over-year basis, TI earnings fell 30% while sales declined 13%. Texas Instruments has been hurt by weakness in the automotive and industrial markets. "Revenue decreased 10% sequentially," Chief Executive Haviv Ilan said in a news release. "During the quarter we experienced increasing weakness across industrial and a sequential decline in automotive." TXN Stock Drops On Weak Guidance For the current quarter, TI forecast earnings of $1.06 a share on sales of $3.6 billion. That's based on the midpoint of its guidance. Analysts had been expecting earnings of $1.40 a share on sales of $4.05 billion in the first quarter. In the year-earlier period, Texas Instruments earned $1.85 a share on sales of $4.38 billion.