Let's see if they start that "buy back" program tonight...LOL...
December 7th they raised their revenue guidance, today they missed their lower range number...
On Dec. 7, TXN provided its midquarter update. At the corporate level, the midpoint of revenue guidance increased to $3.63 billion from $3.57 billion. Virtually all of the increase was from the strength in its semiconductor business, where the company raised the low-end of guidance range by $125 million and parameters now stand at $3.200 billion to $3.325 billion. The low-end of EPS guidance was raised as well, with current projections at $0.38 to $0.40 vs. the prior range of $0.36 to $0.40. TXN's EPS guidance is for GAAP, and it includes approximately $0.03 of FAS 123 expense. The Street consensus of $0.41 is pro forma.
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