On Tuesday evening, Texas Instruments reported a 35% drop in EPS to $1.20 for its first quarter of 2024, inflated by 10 cents due to an exceptional item that was not anticipated in its target range of $0.96 to $1.16. Penalized by declines in all its end markets, revenues fell by 16% to $3.66 billion.

Penalized by declines in all its end markets, revenues fell by 16% to $3.66 billion, but were still at the top end of the target range set three months ago ($3.45 to $3.75 billion).

For its second quarter, the Dallas-based semiconductor manufacturer expects sales of between $3.65 and $3.95 billion, as well as EPS of between $1.05 and $1.25.

Copyright (c) 2024 CercleFinance.com. All rights reserved.