Texas Instruments Inc reports results for the quarter ended June 30 - Earnings Summary

• Texas Instruments Inc TXN reported quarterly adjusted earnings of $1.41​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.22. The mean expectation of thirty analysts for the quarter was for earnings of $1.35 per share. Wall Street expected results to range from $1.29 to $1.55 per share.

• Revenue rose 16.4% to $4.45 billion from a year ago; analysts expected $4.36 billion.

• Texas Instruments Inc's reported EPS for the quarter was $1.41​.

• The company reported quarterly net income of $1.3 billion.

• Texas Instruments Inc shares had risen by 3.3% this quarter and gained 14.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 14 "strong buy" or "buy," 23 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for Texas Instruments Inc is $198.00, about 8.4% below its last closing price of $214.57

This summary was machine generated from LSEG data July 22 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)