Texas Instruments Reports Q4 Results, Joins BlackBerry And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 100 points on Wednesday.

Shares of Texas Instruments Incorporated TXN shares fell in today’s pre-market trading after the company reported fourth-quarter financial results.

Texas Instruments reported quarterly earnings of $1.49 per share, compared to analyst expectations of $1.47, a 30.05% decrease over earnings of $2.13 per share from the same period last year. The company reported quarterly sales of $4.08 billion, falling short of the analyst consensus of $4.12 billion.

Texas Instruments sees first-quarter revenue between $3.45 billion and $3.75 billion, much lower versus the $4.06 billion estimate.

Texas Instruments shares declined 3.7% to $167.88 in pre-market trading.

Here are some big stocks recording losses in today’s pre-market trading session.

• BlackBerry Limited BB shares fell 11% to $3.16 in pre-market trading after the company announced a proposed private offering of $160 million of convertible senior notes.
• Diversified Energy Company PLC DEC fell 8.9% to $11.74 in pre-market trading.
• Digital World Acquisition Corp. DWAC shares declined 7.4% to $47.00 in pre-market trading after gaining 2% on Tuesday.
• Sagimet Biosciences Inc. SGMT shares fell 4.6% to $16.71 in pre-market trading as the company reported a proposed public offering of Series A common stock.
• Plug Power Inc. PLUG fell 3% to $3.61 in pre-market trading. Plug Power shares surged 31% on Tuesday after the company announced the start of production at its liquid green hydrogen plant in Georgia.
• DXC Technology Company DXC shares declined 2.6% to $22.50 in pre-market trading. DXC Technology is expected to release financial results for the third quarter of fiscal year on Feb. 1, 2024.

Now Read This: Investor Optimism Improves Following Earnings Reports; S&P 500 Reaches Another High