Texas Instruments Fell Over 5% in Morning Trading After Posting Its Disappointing Financial Results

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Texas Instruments Fell Over 5% in Morning Trading After Posting Its Disappointing Financial Results

Tiger Newspress2023-07-26

Texas Instruments fell over 5% in morning trading after posting its disappointing financial results.

It posted second-quarter earnings that topped analysts’ expectations but issued a revenue forecast for the third quarter that was slightly below estimates. Texas Instruments said it expects third-quarter earnings of $1.68 to $1.92 a share on revenue of between $4.36 billion to $4.74 billion. Analysts had estimated third-quarter earnings of $1.91 a share on revenue of $4.59 billion.

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