Categories Earnings, Industrials

Texas Instruments (TXN) beats Q4 revenue and earnings estimates

Texas Instruments Incorporated (NASDAQ: TXN) beat revenue and earnings estimates for the fourth quarter of 2019. Shares were down 0.66% in aftermarket hours on Wednesday.  

Total revenues fell 10% to $3.35 billion versus the year-ago period but topped estimates of $3.21 billion.

Texas Instruments beats Q4 2019 revenue and earnings estimates

Net income dropped 14% year-over-year to $1.07 billion while EPS fell 12% to $1.12. Adjusted EPS amounted to $1.11. Analysts had forecast EPS of $1.01.

During the quarter, the company saw revenue decreases across all its segments. Revenue in Analog fell 5% hurt by declines in Signal Chain, High Volume and Power. In Embedded Processing, revenue fell 20% mainly due to Processors. In the Other segment, revenue fell 24%.

For the first quarter of 2020, Texas Instruments expects revenue in the range of $3.12 billion to $3.38 billion, and EPS to be between $0.96 and $1.14, which includes an estimated $20 million discrete tax benefit. 

Over the past one year, the stock has gained over 39% and over the past three months, it has gained 12%.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top