(VIANEWS) – Texas Instruments Inc. provided a broad range of revenue projections for the current period. This indicates uncertainty over whether the spike in chip demand due to the pandemic will persist. In late trading, the stock dropped. Texas Instruments Inc. stated Wednesday that sales will range from $4.4 billion up to $4.76 trillion in the September period. The company stated that profit will range from $1.87 up to $2.13 per share. According to Bloomberg data, analysts expected a profit of approximately $1.97 per share with sales of $4.59 trillion.
Bloomberg Quint confirmed that Texas Instruments, like many other chipmakers has experienced multiple quarters with double-digit revenue growth. This was due to the demand for small electronic parts in a variety of products. Analysts and investors are worried that panic buying by customers concerned about not having enough stock has led to some orders being placed quickly. This behavior has led to crashes in the past.
NASDAQ Composite opens in less than four hours and Texas Instruments‘s pre-market value is already 5.07% down.
The last session, NASDAQ Composite finished with Texas Instruments (TXN) rising 3.45% to $194.24. NASDAQ Composite rose 0.92% to $14,631.95, after two consecutive sessions in a row of gains, on what was a somewhat positive trend exchanging session.
Today’s last reported volume for Texas Instruments is 6352791, 57.13% above its average volume of 4043096.
Texas Instruments’s last close was $187.77, 4.97% below its 52-week high of $197.58.
Texas Instruments’s Revenue
Year-on-year quarterly revenue growth grew by 28.8%, now sitting on 15.42B for the twelve trailing months.
Texas Instruments’s last day, last week, and last month’s current volatility was 0.82%, 0.73%, and 0.79%, respectively.
Texas Instruments’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.84% (day), 1.94% (last week), and 1.52% (last month), respectively.
Previous days news about Texas Instruments
Texas Instruments sales forecast stirs concern over chip demand. According to Bloomberg Quint on Wednesday, 21 July, “That’s giving Texas Instruments an advantage in cost and control of its own supply, the company has argued.”, “Sales will be $4.4 billion to $4.76 billion in the period ending in September, Texas Instruments said Wednesday in a statement. ”
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