Texas Instruments Shares Seesaw After Q3 Results Beat Estimates, Weak Q4 Guidance

Texas Instruments Inc. TXN reported its third-quarter financial results after Tuesday's closing bell. Here's a look at the details from the report. 

The Details: Texas Instruments reported quarterly earnings of $1.47 per share, which beat the analyst consensus estimate of $1.37. Quarterly revenue of $4.151 billion beat the consensus estimate of $4.12 billion.

“Industrial continued to decline sequentially, while all other end markets grew. Our cash flow from operations of $6.2 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash flow for the same period was $1.5 billion,” said Haviv Ilan, CEO of Texas Instruments.

“Over the past 12 months we invested $3.7 billion in R&D and SG&A, invested $4.8 billion in capital expenditures and returned $5.2 billion to owners,” Ilan added.

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Outlook: Texas Instruments sees fourth-quarter earnings between $1.07 and $1.29 per share, versus the $1.34 estimate and quarterly revenue in a range of $3.7 billion to $4 billion, versus the $4.07 billion consensus estimate.

TXN Price Action: According to Benzinga Pro, Texas Instruments shares are seesawing after the close, but at publication on Tuesday were up 0.015% at $194.

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