Texas Instruments Inc. (NYSE:TXN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.03%.
Texas Instruments Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.32 in the quarter as EPS of $0.32 in the year-earlier quarter.
Revenue: Decreased 7.56% to $2.89 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Texas Instruments Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.30. It beat the average revenue estimate of $2.85 billion.
Quoting Management: Rich Templeton, TI’s chairman, president and CEO, made the following comments: “Our revenue and earnings ended the quarter at the high end of our expected range. Customers continued to operate in a real-time mode, maintaining minimal component inventory and ordering parts as they were needed. Our short product lead times, well-positioned inventory and ready manufacturing capacity allow us to respond rapidly to changes in demand.”
Key Stats (on next page)…