Headline Alert
Earnings Update: Texas Instruments
Texas Instruments (TXN) reported Q1 earnings Mondayafter the closing bell.
The company reported Q1 earnings per share of $0.55, which was $0.03 below the Reuters consensus estimate of $0.58. The company reported revenues of $3.39 billion, which was a tad lower than the Reuters estimate of $3.40 billion..
TXN also guided Q2 EPS $0.52 - $0.60 vs Reuters estimate of $0.63. TXN closed at $34.79, though despite missing on EPS and revenues, is holding its price well after hours. It was noted that the estimates included a negative impact of about 5 cents for costs resulting from the earthquake and its aftermath in Japan.
Texas Instruments Last 12 Months
Disclosure: Mr. Moenning and/or affiliated companies own positions in the following stocks mentioned: None
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