Texas Instruments Inc ( NYSE: TXN) reported monetary outcomes for the 3rd quarter after the marketplace close on Tuesday. Here’s a take a look at the crucial metrics from the print.
Q3 Emphasizes: Texas Instruments reported third-quarter profits of $4.74 billion, beating expert price quotes of $4.65 billion. The business reported third-quarter profits of $1.48 per share, directly missing out on expert price quotes of $1.49 per share, according to Benzinga Pro.
Overall profits climbed up 14% year-over-year and 7% sequentially with development throughout all end markets. Texas Instruments reported $6.9 billion in capital from operations over the routing 12 months, and $2.4 billion of complimentary capital over the exact same duration.
” Over the previous 12 months we invested $ 3.9 billion in R&D and SG&A, invested $ 4.8 billion in capital investment and returned $ 6.6 billion to owners,” the business stated.
Texas Instruments ended the quarter with $3.31 billion in overall money and money equivalents.
Looking Ahead: Texas Instruments anticipates fourth-quarter profits of $4.22 billion to $4.58 billion versus price quotes of $4.52 billion. The business expects third-quarter profits in the variety of $1.13 to $1.39 per share versus price quotes of $1.41 per share.
Texas Instruments executives will even more talk about the quarter on a revenues call with financiers and experts at 4:30 p.m. ET.
TXN Cost Action: Texas Instruments shares were down 6.82% in after-hours, trading at $168.51 at the time of publication on Tuesday, according to Benzinga Pro.
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