Shares of Texas Instruments (TXN) fell after the chipmaker reported disappointing fourth-quarter earnings results and issued weak first-quarter guidance. Texas Instruments missed expectations for both revenue and EPS amid a 13% year-over-year sales decline. The company cited a broad demand slowdown for its analog and embedded processing chips used across industries like automotive and personal electronics. Yahoo Finance's Madison Mills breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Shares of Texas Instruments (TXN) fell after the chipmaker reported disappointing fourth-quarter earnings results and issued weak first-quarter guidance. Texas Instruments missed expectations for both revenue and EPS amid a 13% year-over-year sales decline.
The company cited a broad demand slowdown for its analog and embedded processing chips used across industries like automotive and personal electronics.
Yahoo Finance's Madison Mills breaks down the details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Bloomberg
(Bloomberg) -- Texas Instruments Inc. shares slid after the chipmaker delivered a disappointing quarterly forecast, indicating that a slump in demand for industrial and automotive electronic components is dragging on. Most Read from BloombergRussia Says Ukraine Downed Plane Carrying 65 Prisoners for SwapApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028Trump Races Toward 2024 Biden Rematch After New Hampshire WinChina Boosts Stimulus by Allowing Banks to Keep Smaller Reserves
Zacks
The Dow has been on a rally since the end of last year on a positive economic outlook, which is helping blue-chip stocks like American Express Company (AXP), Apple Inc. (AAPL), International Business Machines Corporation (IBM) and Microsoft Corporation (MSFT).
Bloomberg
(Bloomberg) -- ASML Holding NV orders more than tripled last quarter from the previous three months, in a sign that parts of the semiconductor industry are resurgent. Most Read from BloombergRussia Says Ukraine Downed Plane Carrying 65 Prisoners for SwapApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028Trump Races Toward 2024 Biden Rematch After New Hampshire WinChina Boosts Stimulus by Allowing Banks to Keep Smaller ReservesOrder bookings rose to a record €9.19 billion ($9.9
Reuters
The writedown of Nokia equipment will reduce annual earnings per share by nearly 17 cents and comes as AT&T shifts to new lower-cost ORAN technology, or open radio access network. AT&T said it expected adjusted profit to be between $2.15 and $2.25 per share in 2024, falling short of estimates of $2.46, according to LSEG data. The profit expectation was also lower than last year's figure of $2.57 and stood in contrast to the market-beating forecast from Verizon on Tuesday.
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