Texas Instruments' stock falls on weak forecast
1. TXN reported Q2 results exceeding earnings expectations but missed Q3 forecasts. 2. Q2 earnings per share was $1.41, surpassing estimates of $1.35. 3. Company forecasts Q3 earnings lower than analyst expectations of $1.50. 4. Revenue increased 16% YoY to $4.45 billion, led by analog chip sales. 5. TXN plans a $60 billion investment in chip manufacturing expansion.