Shares of Texas Instruments (NASDAQ:TXN) saw little change in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2022. Earnings per share came in at $2.13, which beat analysts’ consensus estimate of $1.98 per share. Sales decreased by 3% year-over-year, with revenue hitting $4.67 billion. This beat analysts’ expectations of $4.64 billion.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Looking forward, management now expects revenue and adjusted earnings per share for Q1 2023 to be in the ranges of $4.17 billion to $4.53 billion and $1.64 to $1.90, respectively. For reference, analysts were expecting $4.41 billion in revenue along with an adjusted EPS of $1.86.
Overall, Wall Street has a consensus price target of $178.18 on Texas Instruments stock, implying 0.64% upside potential, as indicated by the graphic above.
Join our Webinar to learn how TipRanks promotes Wall Street transparency