Texas Instruments (TXN) posted first quarter results that topped Wall Street estimates, but it's the company's second quarter revenue outlook that has shares jumping Wednesday morning. The semiconductor company is forecasting revenue of $3.65 billion to $3.95 billion in the second quarter, which is better than the estimate of $3.78 billion. Yahoo Finance's Brad Smith and Seana Smith recap Texas Instruments results in the video above. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
Texas Instruments (TXN) reported first-quarter revenue that topped estimates and providing an upbeat outlook for the upcoming quarter. The semiconductor giant reported revenue of $3.66 billion, exceeding expectations of $3.6 billion. Furthermore, the company's forward guidance has surpassed expectations, forecasting revenue of up to $3.9 billion, where analysts were expecting $3.78 billion. Yahoo Finance's Julie Hyman and Jared Blikre break down the report. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
(Bloomberg) -- Texas Instruments Inc. shares jumped as much as 8.5% on Wednesday, the biggest intraday gain in more than four years, after the chipmaker’s revenue forecast indicated that a slump in demand may be easing.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Soars as Musk’s Cheaper EVs Calm Fears Over StrategySales