Investing.com - Texas Instruments (NASDAQ:TXN) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.58 on revenue of $4.26B. Analysts polled by Investing.com forecast EPS of $1.53 on revenue of $4.3B. That compared to EPS of $1.09 on revenue of $4.12B in the same period a year earlier. The company had reported EPS of $1.4 on revenue of $4.02B in the previous quarter.
Texas Instruments shares lost 4.99% to trade at $95.25 in after-hours trade following the report.
For the year, Texas Instruments shares are down 4.62%, under-performing the Nasdaq which is up 7.21% year to date.
Texas Instruments follows other major Technology sector earnings this month
On Thursday, Taiwan Semiconductor reported third quarter EPS of $0.56 on revenue of $8.4B, compared to forecasts of EPS of $0.56 on revenue of $8.38B.
SAP ADR earnings beat analyst's expectations on Thursday, with third quarter EPS of $1.31 on revenue of $6.93B. Investing.com analysts expected EPS of $1.26 on revenue of $6.95B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar