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Texas Instruments (TXN)

Texas Instruments Inc. (NYSE: TXN) just reported its quarterly earnings. On a non-GAAP basis, the chip giant’s earnings were $0.42 EPS and revenues were down 15% at $2.88 billion.  Thomson Reuters estimates were $0.39 EPS and $2.82 billion in revenues.…

By Douglas A. McIntyre
Published October 19, 2009, 4:34pm ET · 1 min read

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Texas Instruments Inc. (NYSE: TXN) just reported its quarterly earnings. On a non-GAAP basis, the chip giant’s earnings were $0.42 EPS and revenues were down 15% at $2.88 billion.  Thomson Reuters estimates were $0.39 EPS and $2.82 billion in revenues. Orders were down 4% to $3.11 billion, but that is actually up 11% sequentially.

For next quarter’s report, the company expects earnings of $0.42 to $0.50 EPS and revenues of $2.78 billion to $3.02 billion.  Those estimates are $0.40 EPS and $2.78 billion in revenues.  One wild card for this coming December-end quarter was the fallout and charges from the Ford recall last week.  The company only used $251 million in buybacks, which equaled 10.5 million shares during the quarter.  The company also ended with $2.83 billion in cash and equivalents.

T-I closed up over 3% at $23.52 in today’s regular session and the after-hours reaction has shares trading down marginally at $23.46.  Its 52-week trading range is $13.38 to $25.35.

JON C. OGG

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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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