U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 100 points on Wednesday.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) shares fell in today’s pre-market trading after the company reported fourth-quarter financial results.
Texas Instruments reported quarterly earnings of $1.49 per share, compared to analyst expectations of $1.47, a 30.05% decrease over earnings of $2.13 per share from the same period last year. The company reported quarterly sales of $4.08 billion, falling short of the analyst consensus of $4.12 billion.
Texas Instruments sees first-quarter revenue between $3.45 billion and $3.75 billion, much lower versus the $4.06 billion estimate.
Texas Instruments shares declined 3.7% to $167.88 in pre-market trading.
Here are some big stocks recording losses in today’s pre-market trading session.
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