Texas Instruments Inc. posted its second-quarter results that surpassed analysts' expectations. However, the company provided a guidance that turned out to be not so impressive.
The semiconductor manufacturer’s second quarter earnings came in at $2.05 per share, beating analyst expectations of $1.83 per share.
Revenue grew +41% from the year-ago quarter to $4.58 billion, also exceeding estimates of $4.36 billion.
For the third quarter, Texas Instruments has projected an earnings range of $1.87 per share to $2.13 per share –$1.97 per share expected by analysts polled by FactSet. The company expects revenue to range between $4.4 billion and $4.76 billion, vs. $4.59 billion forecasted by analysts.