Texas Instruments Earnings Matched Expectations. Its Stock Is Sliding.

1 month ago 16
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Updated Oct. 26, 2021 6:57 pm ET / Original Oct. 26, 2021 5:45 pm ET

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A Texas Instruments Inc. TI-84 Plus CE graphing calculator, left, sits in a display cabinet at a facility of Cal-Comp Technology Philippines Inc.

Hannah Reyes Morales/Bloomberg

Texas Instruments shares fell in after-hours trading on Tuesday after the chipmaker posted third quarter financial results that were largely in line with Street expectations. The company also noted that it will be increasing its capital spending to boost capacity.

For the quarter, Texas Instruments (ticker: TXN) posted revenue of $4.6 billion, up 22% from a year earlier, and just a smidge below the Wall Street analyst consensus forecast of $4.6 billion. Profits were $2.07 a share, two cents above the Street consensus at $2.05...


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