Texas Instruments exceeded expectations with first-quarter earnings of $2.35 per share, surpassing management's guidance and the Zacks Consensus Estimate by 8.3%. Despite reporting revenues of $4.91 billion—up 14% year-over-year—the company announced a 10% cut to its second-quarter revenue forecast due to anticipated supply chain disruptions from COVID-19 lockdowns in China. This downward adjustment led to a 3.1% decline in shares during pre-market trading, as investors reacted to the potential impact of ongoing supply challenges.
“Texas Instruments · posted · first-quarter earnings report · April 26”
“Texas Instruments · reported first-quarter 2022 earnings of · per share · $2.35”
“Texas Instruments · surpassed the Zacks Consensus Estimate by · percentage · 8.3%”
“Texas Instruments · exceeded management’s guidance of · per share · $2.01-$2.29”
“Texas Instruments · reported revenues of · dollars · $4.91 billion”
“Texas Instruments · improved revenue by · percentage · 14%”
“Texas Instruments · surpassed management’s guidance of · dollars · $4.5-$4.9 billion”
“Texas Instruments · surpassed the Zacks Consensus Estimate of · dollars · $4.71 billion”
“Texas Instruments · generated cash from operations amounting to · dollars · $2.14 billion”
“Texas Instruments paid out dividends worth · in the reported quarter · dollars · $1.06 billion”
“Texas Instruments · carries a Zacks Rank of · description · #3 (Hold)”
“Texas Instruments Incorporated · topped · financial expectations · for the first quarter”
