Texas Instruments Earnings, Revenue Beat in Q2
2022.07.26 23:46
Texas Instruments Earnings, Revenue Beat in Q2
Investing.com – Texas Instruments (NASDAQ:TXN) reported on Tuesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Texas Instruments announced earnings per share of $2.45 on revenue of $5.21B. Analysts polled by Investing.com anticipated EPS of $2.13 on revenue of $4.65B.
Texas Instruments shares are down 14% from the beginning of the year, still down 20.48% from its 52 week high of $202.26 set on October 25, 2021. They are outperforming the Nasdaq which is down 26.09% from the start of the year.
Texas Instruments shares gained 0.73% 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 July 14, who reported EPS of $1.53 on revenue of $17.87B, compared to forecasts EPS of $1.44 on revenue of $17.68B.
ASML ADR had beat expectations on July 20 with second quarter EPS of $3.62 on revenue of $5.55B, compared to forecast for EPS of $3.61 on revenue of $5.56B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
