Investing.com - Texas Instruments (NASDAQ:TXN) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Texas Instruments announced earnings per share of $2.45 on revenue of $5.24. Analysts polled by Investing.com anticipated EPS of $2.39 on revenue of $5.14B.
Texas Instruments shares are down 13% from the beginning of the year, still down 19.83% from its 52 week high of $202.26 set on October 25, 2021.
Texas Instruments shares lost 4.42% in after-hours trade following the report.
Texas Instruments follows other major Information Technology sector earnings this month
Texas Instruments's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Taiwan Semiconductor had beat expectations on October 13 with third quarter EPS of $1.79 on revenue of $20.23B, compared to forecast for EPS of $1.65 on revenue of $19.44B.
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