TXN - Texas Instruments Analysts Slash Their Forecasts After Q3 Results | Benzinga
Texas Instruments Incorporated (NASDAQ: TXN) reported upbeat earnings for the third quarter, while sales missed estimates.
Texas Instruments reported quarterly earnings of $1.85 per share which beat the analyst consensus estimate of $1.81. The company reported quarterly sales of $4.53 billion which missed the analyst consensus estimate of $4.57 billion.
The company said it sees fourth-quarter revenue in a range between $3.93 billion and $4.27 billion, versus the $4.49 billion estimate. Earnings per share is estimated to be between $1.35 and $1.57.
Texas Instruments shares fell 3.9% to trade at $141.25 on Wednesday.
These analysts made changes to their price targets on Texas Instruments following earnings announcement.
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