Is Texas Instruments Stock a Buy Now?
Texas Instruments (NASDAQ: TXN) posted its third-quarter earnings report on Oct. 25. The chipmaker's revenue rose 13% year over year to $5.24 billion, which beat analysts' estimates by $100 million. Its net income increased 18% to $2.30 billion, or $2.47 per share, which also cleared the consensus forecast by 8 cents.
But for the fourth quarter, TI expects its revenue to decline between 1% and 9% year over year and for its earnings per share (EPS) to drop between 7% and 19%, compared to analysts' expectations for 2% revenue growth and roughly flat EPS growth. That softer guidance was disappointing, but it wasn't surprising since many of TI's industry peers also recently reined in their near-term forecasts.
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Source Fool.com
