This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Texas Instruments Beats, Gives Upbeat Outlook

DALLAS ( TheStreet) -- Texas Instruments (TXN - Get Report) reported better-than-expected first-quarter results after the market close on Monday, as the chip maker cited signs of growth.

The silicon specialist, which lowered its guidance last month, brought in revenue of $3.12 billion, down from $3.39 billion in the same period last year, but above Wall Street's estimate of $3.06 billion.
Texas Instruments
Texas Instruments sees early signs of growth emerging.

Texas Instruments earned 22 cents a share during the quarter, although this included a charge of 10 cents a share related to the company's acquisition of National Semiconductor and restructuring. The analyst consensus was for earnings of 29 cents a share.

"As we expected, our business cycle bottomed in the first quarter, and early signs of growth began to emerge," said Rich Templeton, Texas Instruments' CEO, in a statement released after market close. "Orders were up 13 percent, and backlog is growing again. Particularly encouraging is the breadth of increased orders across geographical regions and markets, including the industrial sector."

For the second quarter, Texas Instruments expects revenue between $3.22 billion and $3.48 billion, compared to analysts' forecast of $3.29 billion. The chip maker predicted earnings of 30 to 38 cents a share, although this number will be negatively impacted by acquisition and restructuring charges totaling about 6 cents a share. Analysts surveyed by Thomson Reuters are looking for earnings of 40 cents a share.

Investors responded positively to Texas Instruments' results, pushing the company's stock up $1.10, or 3.8%, to $33.10, in after hours trading on Monday.

-- Written by James Rogers in New York.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TXN $56.95 -3.00%
AAPL $93.28 -1.60%
FB $116.92 0.16%
GOOG $690.75 -0.04%
TSLA $238.66 -3.70%


Chart of I:DJI
DOW 17,704.58 -126.18 -0.71%
S&P 500 2,054.84 -20.97 -1.01%
NASDAQ 4,752.31 -52.9810 -1.10%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs