Texas Instruments: Q1 beats consensus

(CercleFinance.com) - On Tuesday evening, Texas Instruments announced net income that is down 11% at 1.
22 billion dollars for the first three months of 2019, meaning 1.26 dollar per share, i.e. EPS that beats the consensus by 13 cents.

The Dallas-based electronics group saw its revenues drop 5% to under 3.6
billion dollars, as demand for its products continued to slow in most
markets, Chairman and CEO Rich Templeton said.

For the current quarter, Texas Instruments expects EPS of between 1.12
dollar and 1.32 dollar (including an estimated tax benefit of 10 million
dollars), for revenues of between 3.46 billion and 3.74 billion dollars.


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