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0.000456204379562018 0.000456204379562018 0.00501824817518246 0.002463503649635 0.00164233576642329 0.00392335766423351 -0.00410583941605842 -0.000912408759124165
Stock impact report

Texas Instruments stock rallies on earnings beat [MarketWatch]

Texas Instruments Incorporated (TXN) 
Last texas instruments incorporated earnings: 4/21 04:01 pm Check Earnings Report
Company Research Source: MarketWatch
Texas Instruments Inc. shares rallied in the extended session Tuesday after the chip maker topped Wall Street estimates for the quarter and forecast a "recession" outlook that was still within the range of consensus estimates. Texas Instruments shares surged 5% after hours, following a 4.2% decline in the regular session to close at $106.84. The company reported first-quarter net income of $1.17 billion, or $1.24 a share, compared with $1.22 billion, or $1.26 a share, in the year-ago period. The company said earnings included a 10-cent-a-share benefit that was not included in its original guidance. Revenue declined to $3.33 billion from $3.59 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.01 a share on revenue of $3.18 billion. "With a COVID-19 recession likely upon us, and with reduced visibility of customer demand, we are using the 2008 financial crisis to model our second-quarter outlook," said Rich Templeton, Texas Instruments chairman, p Show less Read more
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