Texas Instruments: Q4 EPS above estimates
(CercleFinance.com) - On Wednesday evening Texas Instruments announced Q4 2018 net profit that soared 260% to 1.
24 billion dollars, i.e. 1.27 dollar per share, or four cents above the consensus.
The Dallas-based electronics group nevertheless saw its revenues shrink by 1% to just over 3.7 billion dollars, with demand for its products continuing to slow in most markets, Chairman and CEO Rich Templeton said.
For the current quarter, Texans Instruments expects EPS of between 1.03 dollar and 1.21 dollar (including an estimated tax benefit of 20 million dollars) for revenues of 3.34 billion to 3.62 billion dollars.
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