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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Texas Instruments    TXN

TEXAS INSTRUMENTS

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Texas Instruments' : 3Q Revenue, 4Q Forecast Beat Projections on Automotive Rebound -- Earnings Review

10/20/2020 | 04:27pm EST

By Maria Armental

Texas Instruments Inc. reported better-than-expected revenue for the third quarter and fourth-quarter projections beat Wall Street expectations, reflecting a recovery from automotive, which had been hard hit by coronavirus pandemic-related lockdowns. Here's what you need to know:

PROFIT: Net income fell to $1.35 billion, or $1.45 a share, from $1.43 billion, or $1.49 a share, a year earlier. TI projected $1.14 to $1.34 a share, and analysts surveyed by FactSet recently projected $1.28 a share.

REVENUE: Revenue rose to $3.82 billion from $3.77 billion. TI had projected $3.26 billion to $3.54 billion, and analysts expected about $3.44 billion.

OUTLOOK: This quarter, TI projects a profit of $1.20 to $1.40 a share on $3.41 billion to $3.69 billion in revenue, compared with analysts' projected $1.19 a share and $3.33 billion in revenue.

PANDEMIC: Remote work and study trends tied to the pandemic drove higher demand in such things as personal electronics like PCs and tablets, while automotive saw a big hit, driving TI's revenue decline in the second quarter. On Tuesday, TI pointed to growing demand for personal electronics and "notable strength from the rebound of automotive."

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

10-20-20 1626ET

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Financials (USD)
Sales 2020 13 968 M - -
Net income 2020 5 119 M - -
Net Debt 2020 318 M - -
P/E ratio 2020 29,1x
Yield 2020 2,30%
Capitalization 146 B 146 B -
EV / Sales 2020 10,5x
EV / Sales 2021 9,80x
Nbr of Employees 29 768
Free-Float 52,6%
Chart TEXAS INSTRUMENTS
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Texas Instruments Technical Analysis Chart | TXN | US8825081040 | MarketScreener
Technical analysis trends TEXAS INSTRUMENTS
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Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 33
Average target price 157,80 $
Last Close Price 159,35 $
Spread / Highest target 16,1%
Spread / Average Target -0,97%
Spread / Lowest Target -27,2%
EPS Revisions
Managers
NameTitle
Richard K. Templeton Chairman, President & Chief Executive Officer
Haviv Ilan Chief Operating Officer & Executive Vice President
Rafael R. Lizardi Chief Financial & Accounting Officer, Senior VP
Ahmad S. Bahai Chief Technology Officer & Senior Vice President
Gurshaman B. Baweja Chief Information Officer & Senior Vice President
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