Advertisement
New Zealand markets open in 3 hours 17 minutes
  • NZX 50

    11,699.79
    -28.31 (-0.24%)
     
  • NZD/USD

    0.6135
    +0.0013 (+0.21%)
     
  • ALL ORDS

    8,082.30
    -67.80 (-0.83%)
     
  • OIL

    80.00
    +0.77 (+0.97%)
     
  • GOLD

    2,419.80
    +34.30 (+1.44%)
     

Texas Instrument stock rises on Q1 revenue beat, outlook

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