Texas Instruments: Buy on Q2 Update?

Filed under: Earnings Reports, Intel (INTC), QUALCOMM Inc (QCOM), Texas Instruments (TXN), Technology

Texas Instruments Incorporated (TXN), whose related competitors include Intel Corporation (INTC) and Qualcomm, Inc. (QCOM), issued an update yesterday after the bell on its Q2 prospects. The release contained some improved guidance that I believe shareholders will appreciate. But is it enough to make one want to roll the dice on the business?



Net sales were previously expected to come in between $3.31 billion and $3.59 billion. Now, the lower end of the range has been increased to $3.45 billion. Earnings per share were supposed to hit between 56 cents and 64 cents. Again, the lower end was raised: management now believes 60 cents will be the minimum stat.

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Texas Instruments: Buy on Q2 Update? originally appeared on BloggingStocks on Wed, 09 Jun 2010 17:30:00 EST. Please see our terms for use of feeds.

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