=Texas Instruments (TXN) reported earnings on Tue 22 Oct 2019 (a/h)
Texas Instruments misses by $0.02, misses on revs; guides Q4 EPS and revs below consensus
Reports Q3 (Sep) earnings of $1.40 per share, excluding a $0.09 benefit not included in guidance, $0.02 worse than the S&P Capital IQ Consensus of $1.42 vs. $1.31-1.53 guidance; revenues fell 11.5% year/year to $3.77 bln vs the $3.82 bln S&P Capital IQ Consensus; most markets weakened further. In core businesses, Analog revenue declined 8% and Embedded Processing declined 19%.
Co issues downside guidance for Q4, sees EPS of $0.91-1.09 including a ~$0.01 tax benefit, vs. $1.30 S&P Capital IQ Consensus; sees Q4 revs of $3.07-3.33 bln vs. $3.6 bln S&P Capital IQ Consensus.
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