Texas Instruments delivers Q3 beat, but guidance underwhelms

Investing.com -- Chipmaker Texas Instruments reported Tuesday third-quarter results that topped analysts' expectations, but delivered underwhelming guidance for the current quarter amid weakness in its industrials business.

Texas Instruments Incorporated (NASDAQ:TXN ) (NASDAQ:TXN) shares fell nearly 1% in after-hours trade following the report.

Texas Instruments announced earnings per share of $1.47 on revenue of $4.15B. Analysts polled by Investing.com anticipated EPS of $1.38 on revenue of $4.12B.

Revenue fell 8% in Q3 from the same period a year earlier, driven by weakness in its industrials sector.    Texas Instruments guided Q4 earnings per share between $1.07 and $1.29, or $1.18 at the midpoint, on revenue of between $3.7B and $4.00B. That compared with estimates for earnings of $1.35 a share on revenue of $4.06B.   

Source: Investing.com