Texas Instruments Stock Slides After Earnings, Guidance Disappoint Analysts
Texas Instruments reported weaker-than-expected quarterly results and provided disappointing guidance, sending shares down over 6%. Wall Street analysts responded with divided views, with some seeing a buying opportunity while others anticipate further declines.
Earnings Miss and Weak Guidance Trigger Stock Decline
Texas Instruments reportedly fell short of earnings expectations and provided disappointing fourth-quarter guidance, according to recent financial reports. The chipmaker’s shares dropped approximately 6.5% on Wednesday, marking their worst performance since July, after the company announced earnings per share of $1.48 for the previous quarter, slightly below the $1.49 consensus estimate. Sources indicate the company’s fourth-quarter EPS guidance range of $1.13 to $1.39 also came in below analysts’ expectations of around $1.41 per share.