Texas Instruments Q4 sales miss expectations, outlook depressed, shares slide
During the quarter, Texas Instruments had earnings per share of 1.$85, sales of 43.800 million dollars。The company's shares fell 3 percent in after-hours trading after the news was announced..6%, to $168。
Texas Instruments (TXN) Announces Its Fourth Quarter Sales Missed Target, Future Outlook Disappoints。During the quarter, Texas Instruments had earnings per share of 1.$85, sales of 43.800 million dollars。Following the announcement, the stock fell 3 in after-hours trading..6%, to $168。During the normal trading session on the same day, the stock has fallen by 0.3%, at 174.34美元。
In the past year, the stock has experienced three failed breakouts, each triggering a 7% to 8% stop-loss sell.。The company's revenue fell 10 percent in the quarter, hurt by weak auto and industrial markets。For the current quarter, Texas Instruments forecasts earnings per share of 1.06, sales of $3.6 billion, below analyst expectations of earnings per share of 1.$40, sales of 40.500 million dollars。
However, as the macro environment improves, Texas Instruments "revenue and earnings could grow again in 2024.。Still, the company's near-term outlook remains bleak, with no clear immediate signs of improvement.。Texas Instruments shares have underperformed their peers, and the company has endured heavy exposure in automotive and industrial markets that are already showing weakness.。Investors should pay close attention to future performance and the company's adjustment strategy in the market.。
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