Texas Instruments forecasted quarterly revenue above market expectations. The company says the upbeat forecast was driven by demand for analog chips.
Despite the positive revenue outlook, the company's stock price fell after the earnings report.
Texas Instruments Quarterly Revenue Forecast Exceeds Estimates
The chipmaker's stock dropped despite the upbeat outlook, with demand for analog chips driving the forecast.
Listen
RDNE Stock project
Updates
Texas Instruments has officially reported a second-quarter earnings beat, showing both higher profit and revenue than previously anticipated.
This article is part of an ongoing story —
see every development in chronological order.
Sources
- channelnewsasia.com — Texas Instruments forecasts quarterly revenue above estimates (opens in a new window)
- investing.com — Texas Instruments dips despite strong beat as investors sell the news (opens in a new window)
- channelnewsasia.com — Texas Instruments forecasts upbeat revenue on analog chip demand (opens in a new window)
- finance.yahoo.com — Texas Instruments forecasts upbeat revenue on analog chip demand (opens in a new window)
- investors.com — Texas Instruments Delivers Beat-And-Raise Earnings Report, But Stock Falls Late (opens in a new window)
Spotted an error?
Report a correction.