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22.04.2015 22:44:51
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Texas Instruments Q1 Results Miss Estimates; Outlook Weak
(RTTNews) - Texas Instruments Inc. (TXN), the world's biggest maker of analog chips, reported net income for the first quarter of $656 million or $0.61 per share, compared to $487 million or $0.44 per share for the year-ago quarter.
Revenue for the first quarter rose 6% to $3.15 billion from $2.98 billion a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.62 per share on revenue of $3.20 billion for the first quarter.
Looking forward to the second quarter, the company forecasts revenue of $3.12 billion to $3.38 billion and earnings of $0.60 to $0.70 per share. Analysts currently expect the company to earn $0.73 per share on revenue of $3.43 billion for the second quarter.
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