Insightful analysis and commentary for the US and global equity investor
Contributors: Douglas McIntyre Jon C. Ogg

Previous Posts

Monday, September 11, 2006

Texas Instruments Business Update Shows Only a Narrower Range of Estimates

Texas Instruments (TXN) is giving back a small fraction of its gains in after-hours trading after its Q3 business update. The company forcast revenues of $3.71 Billion to $3.87 Billion, a narrower range than the original $3.63 Billion to $3.95 Billion. It also put EPS at a range of $0.44 to $0.46, compared to a prior $0.42 to $0.48 range. This will probably not have significant estimate changes from Wall Street tomorrow as these are merely narrowed ranges inside what was already offered in July. Street estimates are $0.45 EPS and revenues of $3.80 Billion.

Shares of TXN closed up 2.5% at $31.78 at the 4:00 PM bell and are trading down at $31.50 on light volume after the mid-quarter update. TXN has not any real impact in shares of MRVL, BRCM, and QCOM in after-hours trading.

Jon C. Ogg
September 11, 2006
 Subscribe

Powered by Blogger