Soft Analog Demand Hurts Texas Instrument's (TXN) Q1 Revenues
TI(TXN) Zacks Investment Research·2024-04-26 01:16
Texas Instrument (TXN) reported first-quarter 2024 results, wherein earnings and revenues surpassed estimates but plummeted on a year-over-year basis. The company reported earnings of $1.20 per share, which declined 35% year over year. Revenues were $3.66 billion, which decreased 16% from the year-ago quarter. Softness in the Analog segment, which contributed the most to the total revenues, was the primary reason behind the dismal results.(Read more: Texas Instruments Q1 Earnings Beat, Revenues Fall Y/Y)Fir ...