Texas Instruments: Q3 just above consensus
(CercleFinance.com) - Unveiled last night, the results of the third quarter of Texas Instruments revealed a net profit of $ 1.
57 billion, or $ 1.58 per share, against $ 1.29 billion or $ 1.26 per share in the same period last year, thus showing a rise of 22% and 25% for both these financial indicators.
The consensus was slightly less optimistic, expecting EPS of 1.54 dollar.
The semiconductor manufacturer's sales reached 4.26 billion dollars, compared with 4.12 billion dollars in Q3 2017.
Regarding its outlook for Q4, Texas Instruments says that it aims for EPS of between 1.14 dollar and 1.34 dollar, with sales in a range of 3.6 billion to 3.9 billion dollars.
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