Texas Instruments Stock Sinks On Q3 Earnings, Soft Guidance
1. TXN Q3 revenue at $4.74 billion, beating estimates of $4.65 billion. 2. Earnings per share at $1.48 slightly missed estimates of $1.49. 3. Fourth-quarter outlook is underwhelming with expected revenue range below estimates. 4. TXN shares dropped 6.82% in after-hours trading post-results. 5. TXN has strong cash flow but returned $6.6 billion to owners.