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Stock impact report

Texas Instruments Tops Estimates, Uses 2008 Crisis to Model 2nd-Quarter Guidance [TheStreet.com]

Texas Instruments Incorporated (TXN) 
Last texas instruments incorporated earnings: 4/21 04:01 pm Check Earnings Report
Company Research Source: TheStreet.com
Texas Instruments(TXNGet ReportAnd amid the uncertainty caused by the covid-19 pandemic, TI used its 2008 financial crisis to model its second-quarter outlook.The Dallas company in the first quarter earned $1.24 a share, including a 10-cent benefit from items that weren't in its guidance, as revenue fell 7% to $3.33 billion.Analysts were expecting the company to report earnings of $1 a share on revenue of $3.17 billion.The company's embedded processing unit saw revenue decline 18% year over year while analog revenue fell 2%. The embedded processing unit includes processors and connected microcontrollers."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," Chief Executive Rich Templeton said in a statement."To reflect the increased uncertainty, we have expanded the range of our guidance."Texas Instruments expects second-quarter earnings between 64 cents and $1.04 a share o Show less Read more
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