Cowen Cuts the Price Target to $58 on Texas Instruments (TXN) Following 2Q15

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Go back to Cowen Cuts the Price Target to $58 on Texas Instruments (TXN) Following 2Q15

UPDATE: Texas Instruments (TXN) Reports In-Line Q2 EPS; Issues Light Q3 Outlook

July 22, 2015 4:30 PM EDT

(Updated - July 22, 2015 4:32 PM EDT)

Texas Instruments (NASDAQ: TXN) reported Q2 EPS of $0.65, in-line with the analyst estimate of $0.65. Revenue for the quarter came in at $3.23 billion versus the consensus estimate of $3.26 billion.

Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:

"Revenue declined 2 percent year over year, inclusive of notably weak demand in communications equipment and continued strong demand in automotive."Even so, our core businesses of Analog... More

Trading Radar for 7/22: Texas Instruments (TXN), Qualcomm (QCOM), Whirlpool (WHR), Las Vegas Sands (LVS), Xilinx (XLNX) Report

July 21, 2015 3:19 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

9:00am EDT

FHFA Housing Price Index - no Street consensus

Earnings:

Abbott (NYSE: ABT) - consensus EPS $0.50
Acme United (NYSE: ACU) - consensus EPS $0.76
Angie's List (Nasdaq: ANGI) - consensus loss $0.17
Arctic Cat (Nasdaq:... More