|
 Texas Instruments Inc. beat Wall Street expectations for its third-quarter profit, and quarterly sales were largely in line with forecasts, but the stock fell more than 4% late Tuesday. Texas Instruments said it earned $1.95 billion, or $2.07 a share, in the quarter, compared with $1.3 billion, or $1.45 a share, in the year-ago period. Revenue rose 22% to $4.64 billion thanks to "strong demand in industrial, automotive and personal electronics," the company said. Analysts polled by FactSet expected EPS of $2.05 a share on sales of $4.66 billion. Texas Instruments guided for fourth-quarter sales in a range between $4.22 billion and $4.58 billion, and EPS between $1.83 and $2.07. The stock ended the regular trading day down 1.6%.
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.
|
|
 Twitter Inc. said Tuesday that its monthly active users and revenue rose in the third quarter, and that the effect of Apple's iOS privacy change on its ad business was "modest."
|
RELATED ARTICLES | | | | |
|
Shares of Robinhood Markets Inc. falls more than 8% late Tuesday after the online trading platform reported a wider quarterly loss and lower-than-expected sales, saying lower crypto-related revenue led to "considerably fewer" new funded accounts and dragged quarterly revenue down.
|
|
Shares in retail brokerage drop 10% in after-hours trading as user growth slows
|
|
