Texas Instruments Inc. reports third-quarter results after the close of markets Tuesday amid concerns of headwinds in the semiconductor sector.
Rasgon also worries about “structural headwinds to gross margins that still do not appear to be appropriately accounted for in Street numbers,” one reason why he moved to an underperform stance in late August. Read: Texas Instruments’ stock slips as continued capacity buildout amid growing inventory weighs on outlookEarnings: The FactSet consensus calls for $1.82 in fiscal third-quarter earnings per share, down from $2.47 in the year-earlier period.