Texas Instruments (TXN) stock falls on weak forecast

Texas instruments reported The second quarter results on Tuesday, the results of the analysts’ income and earning expectations. However, the stock fell into expanded trade due to the third quarter forecast.

How the chip manufacturer does against LSEG Consensus forecasts is explained below:

• Earning per share: $ 1.41 and $ 1.35 expected
• Revenues: 4.45 billion dollars and 4.36 billion dollars expected

Texas Instruments, a current quarter of $ 1.36 and $ 1.60 per share expects a $ 1.50 per share, he said. The company estimates an income of $ 4.45 billion and $ 4.8 billion for a midpoint of $ 4,625 billion. Analysts were expecting $ 4,59 billion in revenue.

In the second quarter, income increased by 16% of $ 3.82 billion in the same period of the previous year. Sales in the company’s analogue chip business increased by 18% to $ 3.5 billion and exceeded the $ 3.39 billion streetcount forecast for the segment.

Net income increases by $ 1.13 billion or $ 1.22 per share a year ago or $ 1.3 billion per share or $ 1.41 per share.

Texas Instruments is an important supplier of old semiconductors for automotive and industrial use.

As of Tuesday’s closing, Texas Instruments shares have increased by 15% in terms of larger market optimism for chips. The company said this would happen in June Spend 60 billion dollars In order to expand the chipset factories in Texas and Utah, Trump praised the United States to bring further technology production to the United States