Texas Instruments: Q2 EPS better than expected

(CercleFinance.com) - On Tuesday evening, Texas Instruments announced Q2 net income that is down 7% at 1.
31 billion dollars, or 1.36 dollar per share.

Excluding a non-recurrent gain of seven cents per share, this EPS exceeds the consensus by seven cents.

The Dallas-based electronics group saw its revenues fall by 9% to 3.67 billion dollars, with its core businesses seeing respective declines of 6% for analog and 16% for Embedded processing.

For the current quarter, Texans Instruments expects EPS of between 1.31 dollar and 1.53 dollar (including an estimated discrete tax benefit of 10 million dollars) for revenue of between 3.65 billion dollars and 3.95 billion dollars.


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