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Texas Instruments delivers gloomy guidance after Q3 revenue misses; shares fall

Investing.com -- Texas Instruments reported Tuesday third-quarter revenue and current-quarter guidance that fell short of Wall Street estimates as weaker industrial demand for chips broadened, weighing on performance.   

Texas Instruments Incorporated (NASDAQ:TXN) shares fell 4% in after-hours trade following the report.

Texas Instruments reported adjusted EPS of $1.85 on revenue of $4.53B. Analysts polled by Investing.com anticipated EPS of $1.82 on revenue of $4.57B.

In industrial, its largest end market, demand weakness "broadened", the company said.  

Analog revenue, which makes up the bulk of overall revenue, fell 16% year-on-year in the quarter, while embedded processing gained 8%.

Texas Instruments guided fourth-quarter revenue in the range of $3.93B to $4.27B, and EPS between $1.35 and $1.57. That was below estimates for EPS of $1.76 a share on revenue of $4.5B.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.