BUZZ-Texas Instruments rises after beating second-quarter profit estimates

Reuters07-24

** Shares of analog chipmaker Texas Instruments up 3.9% at $206.20 in extended trading

** Company reports earnings of $1.22/shr for Q2, compared to analysts' average estimate of $1.16 - LSEG data

** Posts Q2 revenue of $3.82 bln, in line with analysts' estimate

** TXN forecasts Q3 revenue to be between $3.94 bln and $4.26 bln, compared with analysts' average est. of $4.12 bln

** Expects Q3 EPS to be between $1.24 and $1.48 vs analysts' est. of $1.37/shr

** Up to last close, stock up ~16% YTD

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; ))

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Comments

  • SingHeat
    07-24
    SingHeat
    This type of result consider good ?
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