Texas Instruments Inc. (NASDAQ:TXN) just released its second quarter fiscal 2016 earnings results, posting earnings of $0.76 per share (excluding special items) and revenue of $4.27 billion.
Currently, TXN has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Texas Instruments:
Beat earnings estimates. The company posted earnings of $0.76 per share (excluding special items), surpassing the Zacks Consensus Estimate of $0.72 per share.
Beat revenue estimates. The company saw revenue figures of $4.27 billion, topping our consensus estimate of $4.2 billion.
In the company’s core business, Embedded Processing revenue grew 9%, and Analog revenue was about even with the same quarter a year ago.
The company stated that its balance sheet remains strong with $2.5 billion of cash and short-term investments at the end of the quarter, about 80% of which was owned by the company’s U.S. entities.
TXN was up $3.91 or 5.90%, to $66.22 as of 4:50 PM ET in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Texas Instruments’ Price and EPS Surprises Since 2015.
Texas Instruments Inc. is a global semiconductor company and one of the world’s leading designers and suppliers of digital signal processors and analog integrated circuits, the engines driving the digitization of electronics. These two types of semiconductor products work together in digital electronic such as digital cellular phones. Other semiconductor products include standard logic, application-specific integrated circuits, reduced instruction-set computing microprocessors, microcontrollers and digital imaging devices.
Check back later for our full analysis onTXN’s second quarter earnings report!
TEXAS INSTRS (TXN): Free Stock Analysis Report
Original post
Zacks Investment Research