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Texas Instruments Score Q3 2018



Texas Instruments fell more than 5 percent on Tuesday after close, after reporting disappointing sales and posting a weak fourth-quarter forecast.

.53 per share.

But Texas Instruments also released a weaker outlook than expected in the fourth quarter. The company expects earnings of between $ 1.14 per share and $ 1.34 per revenue between $ 3.6 and $ 3.9 billion. Wall Street predicted fourth-quarter earnings of $ 1.38 a share, with sales of $ 4 billion.

The company said the slowdown in demand indicates that customers are looking at the impending trade war between the US and China. David Pahl, Vice President and Head of Investor Relations, said on the earnings release that the company is not stocking up on its inventory before the tariffs are introduced. He said that 60 percent of sales are accounted for by the shipment, so there is no inventory buffer.

"We're pretty early in the announcement schedule and in the lineup, so we'll find out if there are more companies reporting," said Pahl.

The company said it will slow down production to avoid too much inventory, if need be. However, she said that spending on research and development will not decline.


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