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Texas Instruments’ stock slips as outlook overshadows earnings beat

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Texas Instruments Inc. shares fell in the extended session Tuesday after the chip maker's outlook overshadowed its earnings beat.

Texas Instruments Inc. shares fell in the extended session Tuesday after the chip maker’s outlook overshadowed its earnings beat.

The company reported second-quarter net income of $1.72 billion, or $1.87 a share, compared with $2.29... Texas Instruments Inc. shares fell in the extended session Tuesday after the chip maker’s outlook overshadowed its earnings beat. The company reported second-quarter net income of $1.72 billion, or $1.87 a share, compared with $2.29 billion, or $2.45 a share, in the year-ago period. Revenue declined to $4.53 billion from $5.21 billion in the year-ago period, as analog revenue fell 18% to $3.28 billion and embedded revenue rose 9% to $894 million.Analysts had forecast sales of analog electronics, which convert real-world data such as sound or temperature into digital data, to fall to $3.

 

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