Texas Instruments Falls Despite Q3 Earnings Beat

Shares of Texas Instruments

are trading lower in the after-hours following the release of the company's Q3 earnings results. Currently, shares are lower by 1.23%, trading at $31.30; they ended the regular session higher by 4.04%, at $31.69. Texas Instruments reported Q3 EPS of $0.60 on revenues of $3.47 billion; the Street was looking for $0.57 per share on revenues of $3.31 billion. Domestic revenues increased 44% year over year to $799 million. "The highlight of the third quarter was the completion of the purchase of National Semiconductor. We welcome the people of National to TI, and together we're already taking our combined portfolio of almost 45,000 Analog products to customers all over the world," said Rich Templeton, chairman, president and chief executive officer. The company expects Q4 EPS in the range of $0.28-0.36 on revenues of $3.26-3.54 billion. Texas Instruments Incorporated is engaged in the designing and making of semiconductors that it sells to electronics designers and manufacturers worldwide. In addition, it sells calculators and related products.