- Texas Instruments Incorporated (NASDAQ:TXN) reported second-quarter revenue growth of 14% year-over-year to $5.21 billion, beating the consensus of $4.61 billion.
- EPS improved by 20% Y/Y to $2.45, beating the consensus of $2.12.
- Gross margin expanded by 237 bps to 69.6%.
- The operating profit improved by 23.1% Y/Y to $2.72 billion, and the margin expanded 393 bps to 52.2%.
- TXN’s Cash flow from operations for the trailing 12 months totaled $8.69 billion (+15% Y/Y). Free cash flow for the same period was $5.9 billion and 30.1% of revenue.
- 3Q22 Outlook: Texas Instruments expects revenue of $4.90 billion to $5.30 billion, vs. a consensus of $4.62 billion, and earnings per share of $2.23 and $2.51. vs. a consensus of $2.26.
- Price Action: TXN shares are trading higher by 4.09% at $167.42 during the post-market session on Tuesday.
- Photo via Wikimedia Commons
‘Tesla Cuts 600 Jobs In California Amid Mass Layoffs’ – Forbes
https://www.forbes.com/sites/tylerroush/2024/05/17/tesla-cuts-600-jobs-in-california-amid-mass-layoffs/?sh=25d6be363475 The layoffs include 601 employees at manufacturing facilities and engineering offices in Palo
