Texas Instruments Earnings beat, Revenue misses In Q3

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Texas Instruments Earnings beat, Revenue misses In Q3
Credit: © Reuters.

Investing.com - Texas Instruments (NASDAQ: TXN ) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Texas Instruments announced earnings per share of $2.07 on revenue of $4.64B. Analysts polled by Investing.com anticipated EPS of $2.05 on revenue of $4.66B.

Texas Instruments shares are up 58% from the beginning of the year and are trading at $187.00 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 20.73% from the start of the year.

Texas Instruments shares lost 4.97% in after-hours trade the report.

Texas Instruments follows other major Technology sector earnings this month

Texas Instruments's report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.84 on revenue of $63.47B.

Facebook had beat expectations on Monday with third quarter EPS of $3.22 on revenue of $29.01B, compared to forecast for EPS of $3.19 on revenue of $29.58B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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