20-07-2010, 08:39
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#91 (permalink)
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Utente Senior
Data registrazione: Aug 2004
Messaggi: 978
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- July 19, 2010, 5:10 PM ET
Texas Instruments Shrs Tumble Late; Q2 Revs, EPS Meet Ests
By Eric Savitz
Texas Instruments (TXN) shares are trading sharply lower after hours on Q2 results that were right in line with Street estimates.
For the quarter, the chip company posted revenue of $3.496 billion, about in line with the Street at $3.52 billion. Profits of 52 cents a share matched the Street consensus.
For Q3, the company sees revenues of $3.55 billion to $3.85 billion and profits of 64-74 cents a share; the Street has been projecting $3.59 billion and 64 cents.
TXN also raised its full year forecast for 2010 capital spending to $1.2 billion from $900 million.
TXN in late trading is down $1.55, or 6.1%, to $24. |
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