Texas Instruments: Q3 EPS down 25%

(CercleFinance.com) - On Tuesday evening, Texas Instruments reported Q3 2023 EPS that is down 25% at $1.
85, with revenues falling 14% to $4.53bn, with the semiconductor manufacturer pointing to further weakness in sales to industry. NB: pmt -5.5%.

"Our cash flow from operations of $6.5 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio," CEO Haviv Ilan said.

Texas Instruments expects Q4 sales of $3.93bn to $4.27bn, along with EPS of $1.35 to $1.57.


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