Thomson Reuters had estimates as of this morning at $0.45 EPS and $3.34 billion in revenue. Unfortunately, TI gave no other details and they may not even come out in the conference call.
TI shares closed down by 0.3% at $28.58 against a 52-week range of $25.78 to $34.24. Thomson Reuters has a consensus analyst price target of $31.46. Shares are trading up 1.4% at $28.98 in the after-hours session since its guidance did not have a warning in it. It may also be worth noting that TI shares closed between some key moving averages today: the 200-day moving average is $30.05 and the 50-day moving average is $28.31.
We would note that Intel Corporation (NASDAQ: INTC) led the chip sector off with a bad warning last week and shares finally closed up marginally today. Intel shares lost over 7% of their value in the two trading sessions combined after the warning.
The Market Vectors Semiconductor ETF (NYSEMKT: SMH) has not been battered along with Intel and its shares closed up 0.5% at $32.58 on Tuesday. This chip-stock ETF saw its shares gain by 0.4% to $32.70 initially in the after-hours session.
JON C. OGG
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