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MarketWatch MarketPulseApr 23, 2019
Texas Instruments stock rallies after results top Street view
Texas Instruments Inc. shares rose in the extended session Tuesday after the chip maker's earnings topped Wall Street estimates. Texas Instruments shares rose 3.8% after hours, following a 1.2% rise to close the regular session at $116.38, less than $4 from the stock's all-time closing high. The company reported first-quarter net income of $1.2 million, or $1.26 a share, compared with $1.4 million, or $1.35 a share, in the year-ago period. Earnings included a 4-cents-a-share tax benefit that was not in the company's guidance, Texas Instruments said. Revenue declined to $3.59 billion from $3.79 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.13 a share on revenue of $3.48 billion. For the second quarter, Texas Instruments expects earnings of $1.12 to $1.32 a share on revenue of $3.46 billion to $3.74 billion, while analysts forecast earnings of $1.23 a share on revenue of $3.66 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



The Motley FoolApr 23, 2019
Wall Street Begins Covering Lyft Stock: What You Need to Know
The road hasn't been exactly smooth for Lyft stock since its IPO.

CNBC BusinessApr 23, 2019
Stocks rise after strong earnings from broad range of companies including Coca-Cola, Twitter
Stocks rose slightly on Tuesday as Wall Street cheered stronger-than-expected quarterly profits from some of the largest publicly traded U.S. companies.
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