Texas Instruments reported first-quarter revenue of $3.66 billion, which beat the consensus estimate of $3.611 billion, according to Benzinga Pro. The company's top-line results were down 16% on a year-over-year basis and down 10% sequentially as revenue declined across all end markets.
Nucor reported quarterly earnings of $3.46 per share which missed the analyst consensus estimate of $3.65 by 5.21% and represents a 22.25% decrease from earnings of $4.45 per share year-over-year. Quarterly sales came in at $8.14 billion, missing the analyst consensus estimate of $8.26 billion by 1.49% and representing a 6.58% decrease from the same period last year.
Cadence Design Systems reported quarterly earnings of $1.17 per share which beat the analyst consensus estimate of $1.13 by 3.54%. Quarterly sales came in at $1.009 billion which beat the analyst consensus estimate of $1.002 billion by 0.67%.
Cleveland-Cliffs reported first-quarter revenue of $5.2 billion, which missed the consensus estimate of $5.346 billion, according to Benzinga Pro. The company reported adjusted earnings of 18 cents per share, which missed analyst estimates of 22 cents per share.
Western Alliance reported quarterly earnings of $1.60 per share, missing the consensus estimate of $1.66 by 3.61% and representing a 30.43% decrease from the same period last year.
Frontier said it detected that a third party had gained unauthorized access to portions of its information technology business on April 14. The company's response resulted in "an operational disruption that could be considered material."
PPG reported quarterly adjusted earnings of $1.86 per share, inline with the analyst estimate. Quarterly sales came in at $4.31 billion which missed the analyst consensus estimate of $4.43 billion by 2.69% and represents a 1.58% decrease over sales of $4.38 billion from the same period last year.