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Investing

T-I Update Looks Good Enough On Surface (TXN)

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By Douglas A. McIntyre Published

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Texas Instruments Inc. (NYSE: TXN) said it is now looking for first quarter revenue  of $1.79 billion to $2.05 billion.  The good news is that this is within the company’s prior range of $1.62 to $2.12 billion and within the First Call estimate of $1.86 billion.

The company expects earnings of -$0.08 to breakeven EPS, which is within the prior range of a loss of  $0.11 to a gain of $0.03 EPS and still within striking distance of the First Call target of  a loss of $0.02 EPS.  There is an $80 million restructuring item included here.  While the estimates range includes the item, that charge is now estimated at $0.04 against EPS rather than $0.03.

Shares closed down 0.15% at $14.69 in regular trading, and are down a few pennies at $14.65 in the after-hours session.  The 52-week trading range is $13.38 to $33.00.

These numbers are not any worse than the company reported in January. This report looks like it might have been good enough for tech bottom fishers.

We won’t be too surprised if there are estimate changes as analysts tweak their numbers, but this looks close enough to the prior data that we’d be surprised if any analysts downgrade the stock.

JON C. OGG

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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