Chipmaker Texas Instruments (TXN) late Wednesday beat Wall Street’s targets for the second quarter. But TXN stock fell in extended trading.
The Dallas-based company earned $2.05 a share on sales of $4.58 billion in the June quarter. Analysts expected TI earnings of $1.83 a share on sales of $4.36 billion, according to FactSet. In the year-earlier period, TI earned $1.48 a share on sales of $3.24 billion.
In after-hours trading on the stock market today, TXN stock dropped 3.3%, near 187.90. During the regular session Wednesday, TXN stock rose 3.5% to 194.24.
Earnings details to follow.
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