Shares of Texas Instrumentsjumped the most since the Dot-Com bubbleera after the chipmaker issued a stronger-than-expected second-quarter forecast, signaling that demand is rebounding across industrial markets and data centers. Goldman analysts told clients the guidance suggests the "analog recovery is continuing."
Revenue guidance of $5 billion to $5.4 billion and profit guidance of $1.77 to $2.05 a share both came in well above the Bloomberg Consensus estimate of estimate $4.85 billion, while first-quarter results also beat expectations.
Here's asnapshot of first-quarter results(courtesy of Bloomberg):
EPS $1.68 vs. $1.28 y/y, estimate $1.38
Revenue $4.83 billion, +19% y/y, estimate $4.53 billion
Operating profit $1.81 billion, +37% y/y, estimate $1.54 billion
Capital expenditure $676.0 million, -40% y/y, estimate $689.9 millio
Free cash flow $1.40 billion, estimate $1.2 billion
R&D expenses $510 million, -1.4% y/y, estimate $530.7 million
Cash and cash equivalents $3.55 billion, +28% y/y, estimate $3.25 billion
Source: ZeroHedge News
