Texas Instruments: stock down after Q2 results
(CercleFinance.com) - The Texas Instruments share is down about 1% on Wall Street in early trading on Wednesday, after yesterday's announcement of Q2 EPS of 1.
48 dollar, beating the consensus by 30%, excluding a one-off tax credit.
"Bears will highlight high inventories," Jefferies acknowledges, which thinks that "TXN's inventories position it to gain share in a tight environment".
The broker adds that the midpoints of the group's target ranges for the current quarter, i.e. 1.14-1.34 dollar for EPS and 3.26-3.54 billion dollars for revenues, are respectively 24% and 9.8% above consensus levels.
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48 dollar, beating the consensus by 30%, excluding a one-off tax credit.
"Bears will highlight high inventories," Jefferies acknowledges, which thinks that "TXN's inventories position it to gain share in a tight environment".
The broker adds that the midpoints of the group's target ranges for the current quarter, i.e. 1.14-1.34 dollar for EPS and 3.26-3.54 billion dollars for revenues, are respectively 24% and 9.8% above consensus levels.
Copyright (c) 2020 CercleFinance.com. All rights reserved.