Investing.com - Texas Instruments (NASDAQ:TXN) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Texas Instruments announced earnings per share of $1.14 on revenue of $3.33B. Analysts polled by Investing.com anticipated EPS of $1.01 on revenue of $3.19B. That with comparison to EPS of $1.26 on revenue of $3.59B in the same period a year before.Texas Instruments had reported EPS of $1.12 on revenue of $3.35B in the previous quarter.Analysts are expecting EPS of $1.05 and revenue of $3.26B in the upcoming quarter.
Texas Instruments shares are down 16% from the beginning of the year and are trading at $106.92 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 15.64% year to date.
Texas Instruments follows other major Technology sector earnings this month
Texas Instruments's report follows an earnings matched by Taiwan Semiconductor on Thursday, who reported EPS of $0.75 on revenue of $10.32B, compared to forecasts EPS of $0.75 on revenue of $10.32B.
SAP ADR had missed expectations on Tuesday with first quarter EPS of $0.92 on revenue of $7.1B, compared to forecast for EPS of $1.02 on revenue of $7.1B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar