Texas Instruments: Here are some very good earnings. Traders: ¯\_(ツ)_/¯
A great second quarter isn’t appeasing traders of Texas Instruments, the company that makes semiconductors and (much less lucratively) the calculators you used in high school.
TI posted earnings per share of $1.41 and revenue of $4.45 billion for the quarter, both up big from a year earlier and topping analysts’ forecasts for earnings of $1.36 a share and $4.37 billion in revenue.
Texas Instruments also forecast third-quarter revenue of $4.45 billion to $4.80 billion, a range mostly above analysts’ forecasts of $4.59 billion. And it projected earnings per share between $1.36 and $1.60, a range with a midpoint in line with Wall Street’s forecasts of $1.48.
But even with all those seemingly positive numbers, the stock was down 7.5% after-hours. If you squint, you might notice that the company’s capex was up 23% from a year earlier.
Sometimes markets just make you go ¯\_(ツ)_/¯.
Texas Instruments also forecast third-quarter revenue of $4.45 billion to $4.80 billion, a range mostly above analysts’ forecasts of $4.59 billion. And it projected earnings per share between $1.36 and $1.60, a range with a midpoint in line with Wall Street’s forecasts of $1.48.
But even with all those seemingly positive numbers, the stock was down 7.5% after-hours. If you squint, you might notice that the company’s capex was up 23% from a year earlier.
Sometimes markets just make you go ¯\_(ツ)_/¯.
