• 171
  • 16
  • Favorite

Chipmaker Texas Instruments Forecasts Quarterly Revenue Below Estimates

Tiger Newspress2022-04-27

Texas Instruments forecast second-quarter revenue below Wall Street estimates on Tuesday (Apr 26), sending its shares down 3.63 percent.

Texas Instruments expects second-quarter revenue to be between US$4.20 billion and US$4.80 billion, compared to analysts' expectations of US$4.94 billion, according to IBES data from Refinitiv.

While Texas Instruments struggles with slowing demand in some markets such as PCs, a shortage of components and equipment to make chips has also hurt its ability to ramp up production to meet strong demand from other markets, including automotive.

The semiconductor manufacturing company reported earnings per share of $2.35 on revenue of $4.91 billion. Those figures beat analyst estimates of $2.18 per share on revenue of $4.74 billion. Earnings per share included a 2-cent benefit for items not in the company's original guidance.

Total revenue in the first quarter was US$4.91 billion compared with US$4.29 billion a year earlier. Analysts were expecting revenue of US$4.74 billion, according to IBES data from Refinitiv. Revenue grew 14% from the same quarter a year ago, largely due to growth in industrial and automotive, the company said.

The company sees second-quarter earnings per share between $1.84 and $2.26.

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

Comment16

  • JeremyKok
    ·2022-04-28
    Has its fundamentals changed? Do your own due diligence before you invest.
    Reply
    Report
  • Bull1973
    ·2022-04-27
    Ok
    Reply
    Report
  • ryanc
    ·2022-04-27
    Ok
    Reply
    Report
  • pjetan
    ·2022-04-27
    🙏🏻
    Reply
    Report
  • Dragonbody
    ·2022-04-27
    [What] [What] 
    Reply
    Report
  • Chris Tan
    ·2022-04-27
    US companies how to do well after restrictions and sanctions tosell to so many customers. Better 🏃‍♂️🏃‍♂️🏃‍♂️
    Reply
    Report
  • OddEyeCircle
    ·2022-04-27
    Good
    Reply
    Report
  • superduper
    ·2022-04-27
    Ok
    Reply
    Report
  • Vincent1968
    ·2022-04-27
    Bad
    Reply
    Report
  • YTRT
    ·2022-04-27
    Thanks
    Reply
    Report
  • Joshua_sg
    ·2022-04-27
    Like pls tks 
    Reply
    Report
  • happymoney
    ·2022-04-27
    Tsla
    Reply
    Report
  • Bash
    ·2022-04-27
    Like pls, thank you
    Reply
    Report
  • ccy1122
    ·2022-04-27
    [OK] [OK] [OK] [Warning] [Warning] [Warning] [Observation] [Observation] [Observation] 
    Reply
    Report
  • zhenx
    ·2022-04-27
    Like
    Reply
    Report
  • TAN PS
    ·2022-04-27
    Ok
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial