Texas Instruments Q3 Earnings Overview

Investing.com — Chipmaker Texas Instruments reported its third-quarter results on Tuesday, surpassing analysts' expectations but providing underwhelming guidance for the current quarter due to weakness in its industrials business.

Stock Performance

Shares of Texas Instruments Incorporated (NASDAQ:TXN) fell nearly 1% in after-hours trading following the earnings report.

Earnings Report

Texas Instruments announced:
– Earnings per share (EPS): $1.47
– Revenue: $4.15 billion

Analysts polled by Investing.com had predicted:
– EPS: $1.38
– Revenue: $4.12 billion

However, revenue fell 8% in Q3 compared to the same period a year earlier, primarily due to weakness in its industrial sector.

Q4 Guidance

For Q4, Texas Instruments provided guidance indicating:
– Expected EPS: Between $1.07 and $1.29, with a midpoint of $1.18
– Expected Revenue: Between $3.7 billion and $4.00 billion

This guidance contrasted with estimates for earnings of $1.35 per share and revenue of $4.06 billion.