As a seasoned gamer with a penchant for tech stocks and a knack for predicting market trends, I can’t help but feel a sense of satisfaction seeing Texas Instruments (TXN) beat both earnings and revenue expectations for Q3 2024.
As a devoted fan, I’m thrilled to share that Texas Instruments (TXN) has just disclosed their Q3 2024 earnings, and here’s some fantastic news! The semiconductor giant not only surpassed but outright crushed the projected earnings for the quarter, leaving us all impressed. Additionally, they exceeded revenue expectations as well, making this a truly remarkable performance.
Today, after market hours, Texas Instruments unveiled its Q3 2024 earnings report, revealing a revenue of approximately $4.15 billion, slightly surpassing the projected $4.1 billion. For EPS, Texas Instruments recorded an earnings of $1.47 per share, outperforming the anticipated $1.38.
According to Haviv Ilan, the CEO of Texas Instruments, the estimated revenue for the fourth quarter is expected to fall between $3.70 billion and $4.00 billion. Additionally, earnings per share are projected to range from $1.07 to $1.29. Furthermore, the company anticipates that the effective tax rate for the fourth quarter will be approximately 13%.
Texas Instruments (TXN) shares experienced a temporary decrease in post-market trading, but subsequently surged, reaching a peak of $197.00. Keep up with the latest news where tech meets finance by visiting Shacknews.
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2024-10-22 23:57