Texas Instruments Earnings, Revenue Beat in Q1
2022.04.26 23:21
Texas Instruments Earnings, Revenue Beat in Q1
Investing.com – Texas Instruments (NASDAQ:TXN) reported on Tuesday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Texas Instruments announced earnings per share of $2.33 on revenue of $4.91B. Analysts polled by Investing.com anticipated EPS of $2.18 on revenue of $4.74B.
Texas Instruments shares are down 10% from the beginning of the year, still down 16.72% from its 52 week high of $202.26 set on October 25, 2021. They are outperforming the Nasdaq 100 which is down 20.28% from the start of the year.
Texas Instruments shares lost 8.57% in after-hours trade following the report.
Texas Instruments follows other major Information Technology sector earnings this month
Texas Instruments’s report follows an earnings beat by Taiwan Semiconductor on April 14, who reported EPS of $1.35 on revenue of $16.94B, compared to forecasts EPS of $1.27 on revenue of $16.73B.
ASML ADR had missed expectations on April 20 with first quarter EPS of $1.88 on revenue of $3.84B, compared to forecast for EPS of $1.94 on revenue of $3.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
