Analysts Calculating Growth Potential at Texas Instruments

Texas Instruments (NASDAQ: TXN) announced earnings of 48 cents per share in a surprising jump in value, causing shares to trade at 34.34 in after-hours trading--a jump of nearly 3.5% on the closing price of 33.19.The news marks a change in the stock's recent falling trend, as the company's EPS fell steadily throughout 2011 from 56 cents a share at the beginning of 2011 to 51 cents in Q3 2011. Revenues, which failed to rise throughout the year, fell again in the quarter by 3% compared to the previous year. The news comes after the company was recently downgraded by Needham & Company and Argus Research, who both have a "hold" rating on the company. More recently, Morgan Stanley (NYSE: MS) rated the stock a "buy" despite the company's lowered guidance from management on the expectation that slowed demand would hit the company's bottom line.Analysts had previous expected Q4 earnings of 26 cents per share thanks in part to lower overall demand for semiconductors and analog electronics. However, analysts have also seen Texas Instruments enjoy a stronger market share thanks Texas Instruments has a few fundamental weaknesses that may make it an uneven performer ...

Weiter zum vollständigen Artikel bei "Benzinga earnings"