Investing.com - Texas Instruments (NASDAQ:TXN) reported third quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.4 on revenue of $3.77B. Analysts polled by Investing.com forecast EPS of $1.42 on revenue of $3.82B. That compared to EPS of $1.58 on revenue of $4.26B in the same period a year earlier. The company had reported EPS of $1.36 on revenue of $3.67B in the previous quarter.
Texas Instruments shares lost 10.58% to trade at $114.94 in after-hours trade following the report.
For the year, Texas Instruments shares are up 36.02%, outperforming the Nasdaq which is up 24.55% year to date.
Texas Instruments follows other major Technology sector earnings this month
On Thursday, Taiwan Semiconductor reported third quarter EPS of $0.64 on revenue of $9.58B, compared to forecasts of EPS of $0.61 on revenue of $9.25B.
SAP ADR earnings beat analyst's expectations on Thursday, October 10, 2019, with third quarter EPS of $1.43 on revenue of $7.52B. Investing.com analysts expected EPS of $1.32 on revenue of $7.47B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar