Little Greatness at Texas Instruments
Texas Instruments Inc. (NASDAQ: TXN) ticked marginally higher right after its quarterly earnings, but this is a report that offers very little good news about the health and expectations of its chip operations. The chip giant showed a quarterly revenue…
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The company blamed the drop in revenues on weak chip demand and over a spotty market. The company did note that Analog and Embedded Processing each grew revenue by 2%. Guidance is where this report gets a bit slippery with $0.23 to $0.31 EPS and it sees revenue of $2.83 to $3.07 billion. Thomson Reuters had estimates of $0.42 EPS and $3.24 billion.
Texas Instruments closed down two-cents at $27.79 against a 52-week range of $26.06 to $34.24; shares were trading up initially but we currently show shares down three-cents more to $27.72 in the after-hours.
JON C. OGG
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.