Friday, July 19, 2013

Forbes Earnings Preview: Texas Instruments (TXN)

Texas Instruments Texas Instruments reports its second quarter earnings on Monday, July 22, 2013.

The consensus estimate is 46 cents per share, up 5% from a year ago when Texas Instruments reported earnings of 44 cents per share.

Over the past three months, the consensus estimate has increased from 44 cents.?For the fiscal year, analysts are projecting earnings of $1.87 per share.?Analysts look for revenue to decrease 8% year-over-year to $3.06 billion for the quarter, after being $3.34 billion a year ago. For the year, revenue is expected to come in at $12.22 billion.

Revenue has fallen in the past four quarters. Revenue fell 13% to $2.89 billion in the first quarter. The figure fell 13% in the fourth quarter from the year earlier, dropped 2% in the third quarter from the year-ago quarter and 4% in the second quarter.

Over the last four quarters, revenue has fallen an average of 8% year-over-year. The biggest drop came in the most recent quarter, when revenue fell 13% from the year-earlier quarter.

Texas Instruments is a designer and manufacturer of semiconductors that are sold to electronics designers and manufacturers. One of Texas Instruments? main competitors in the semiconductors industry, Marvell Technology Group Marvell Technology Group, will report earnings on Thursday, August 15, 2013. Analysts are expecting earnings of $0.13 per share for Marvell Technology Group, down 32% from last year?s earnings of $0.19 per share.

Other competitors in the technology sector include: Analog Devices Analog Devices, Intersil Corp and Linear Technology Linear Technology.

Earnings estimates provided by Zacks.

Narrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.

Source: http://www.forbes.com/sites/narrativescience/2013/07/18/forbes-earnings-preview-texas-instruments-txn/

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