• 43
  • 3
  • Favorite

Texas Instruments Jumped Over 4% in Premarket Trading after It Beat Quarterly Revenue Estimates on Strong Chip Demand

Tiger Newspress2022-01-26

Texas Instruments jumped over 4% in premarket trading after it beat quarterly revenue estimates on strong chip demand.

 

The company said it expects first-quarter revenue between $4.5 billion and $4.9 billion. Analysts on average estimate revenue of $4.37 billion, according to IBES data from Refinitiv.

Texas Instruments fourth-quarter revenue rose 19% to $4.83 billion, topping analysts' expectations of $4.43 billion, driven by strong demand in industrial and automotive markets.

Net income rose to $2.14 billion, or $2.27 per share, during the quarter ended Dec. 31, compared with $1.69 billion, or $1.80 per share, a year earlier.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment3

  • dylanlyk
    ·2022-01-26
    .
    Reply
    Report
  • Philip67
    ·2022-01-26
    👍
    Reply
    Report
  • masran
    ·2022-01-26
    jump to the moon
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial