Texas Instruments: Q3 EPS above estimates

(CercleFinance.com) - On Tuesday evening, Texas Instruments announced Q3 net profit that is down 9% at 1.
42 billion dollars, meaning EPS of 1.49 dollar, seven cents above the consensus.

The Dallas-based electronics group saw its revenues fall 11% to 3.77 billion dollars, with its core businesses posting declines of 8% for analog chips and 19% for integrated chips.

For Q4, Texans Instruments expects EPS of between 91 cents and 1.09 dollar (including an estimated tax benefit of 5 million dollars) for sales of between 3.07 billion and 3.33 billion dollars.


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