Texas Instruments Guidance Signals: Sales and Earnings Remain On Track (TXN, NOK)
June 11, 2012 by Jon C. Ogg
Texas Instruments Incorporated (NASDAQ: TXN) is out with guidance in its second quarter business update. While the results are said to be “narrowed” they are narrowed equally between the high-end and low-end of the ranges offered up after earnings back in April. This should be considered a reaffirmed guidance rather than anything ominous if you have been tracking the woes of Europe and the woes of key customer Nokia Corporation (NYSE: NOK).
TI now expects its financial results to be within $3.28 billion to $3.42 billion in sales, versus a prior range of $3.22 billion to $3.48 billion. Earnings are now being put in a range of $0.32 to $0.36 per share, versus a prior range of $0.30 to $0.38 per share.
We are actually seeing a positive reaction today in the after-hours that is helping the chip-maker to regain some of Monday’s losses. Shares closed down 3% at $27.65 and the stock has regained close to half of those losses as the stock is trading up 1.45% at $28.05 in the after-hours session.
JON C. OGG
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.