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Texas Instruments announced earnings per share of $2.45 on revenue of $5.24. Analysts polled by Investing.com anticipated EPS of $2.39 on revenue of $5.14B.
Texas Instruments shares are down 13% from the beginning of the year, still down 19.83% from its 52 week high of $202.26 set on October 25, 2021.
Texas Instruments shares lost 4.42% in after-hours trade following the report.
Texas Instruments’s report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Taiwan Semiconductor had beat expectations on October 13 with third quarter EPS of $1.79 on revenue of $20.23B, compared to forecast for EPS of $1.65 on revenue of $19.44B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
