Texas Instruments Down Slightly After Q2 Results

Texas Instruments TXN released its second-quarter earnings results after the closing bell on Monday. The company reported net income of $446 million or $0.38 per share, compared to $672 million or $0.56 per share, in the year ago period. The results included $0.06 in charges related to the company's acquisition of National Semiconductor and restructuring. Wall Street analysts had consensus EPS estimates of $0.41 per share for Texas Instruments. Revenues in the quarter were $3.335 billion compared to $3.458 billion in last year's second-quarter. This missed Wall Street analysts' consensus revenue estimates of $3.35 billion. Looking ahead to the third-quarter, TXN said that it sees EPS of $0.34 to $0.42 on revenue of $3.21 billion to $3.47 billion. Analysts currently expect the company to report EPS of $0.50 on revenues of $3.54 billion in the third-quarter. In the after hours trading session, TXN shares have fallen 1.57% to $26.40.