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Texas Instruments Inc. (TXN) Is Heading Higher After Q1 Report

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Texas Instruments Inc. (TXN: Quote) reported first quarter EPS of $0.22 down from $0.55 last year. The consensus estimate was for EPS of $0.29. The company expected to report second quarter EPS of $0.30 to $0.38, compared to the consensus estimate of $0.40. The stock is now up 1.06 on 440K shares.

Texas Instruments gradually declined during the first hour of trade Monday and closed down by 0.58 at $31.89. The stock finished near the lower end of a 2 1/2 week range.

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by RTT Staff Writer

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