Texas Instruments slips on weak Q2 earnings outlook
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Texas Instruments (NASDAQ:TXN) shares fell slightly in extended-hours trading after the analog semiconductor company reported a weaker-than-expected guidance for the coming quarter.
Looking to the second-quarter, Texas Instruments (TXN) said it expects earnings to between $1.62 and $1.88 per share, with sales forecast to be within a range of $4.17B and $4.53B.
Analysts were expecting second-quarter earnings of $1.83 per share and $4.44B in revenue.
For the period ending March 31, Texas Instruments (TXN) earned $1.85 per share on $4.38B in revenue, as it generated $3.29B in analog-related revenue.
A consensus of analysts were expecting the company to earn $1.81 per share on $4.37B in revenue.
The company will hold a conference call at 4:30 p.m. EST to discuss the results.
Seeking Alpha contributor Stephen Simpson expected Texas Instruments' first quarter to resemble recent quarters, with modest revenue outperformance and healthy operating margins.