Texas Instruments Shares Fall 0.9% After Q4 Outlook Points to Flat Revenue
Photo: TokenPost
Texas Instruments shares slipped after hours Wednesday as the chipmaker’s fourth-quarter revenue midpoint landed $5 million below its third-quarter total, placing the sales outlook near flat after a quarter of strong growth. Shares were $282.17 at 5:06 p.m. ET (21:06 UTC) Wednesday, Oct. 21, down 0.9% from the regular-session close of $284.65. They had gained 2.47% during regular trading and remained 1.6% above Tuesday’s close at the after-hours price. Texas Instruments released its results at 4:01 p.m. ET (20:01 UTC). Texas Instruments expects fourth-quarter revenue of $5.8 billion to $6.3 billion, with per-share earnings of $2.45 to $2.79.
Source: TokenPost
