Earnings Reaction Rollercoaster: Microsoft Climbs, Texas Instruments Dips
- October 24th, 2023
- 522 views
Microsoft Corporation (Nasdaq: MSFT), a technology giant, exceeded expectations in its first-quarter fiscal 2024 results, reporting earnings per share (EPS) of $2.99 and revenue of $56.52 billion, beating the consensus EPS estimate of $2.50 on revenues of $51.4 billion.
$MSFT was trading at $347.80 in after-hours, reflecting a substantial increase of $17.27 (+5.22%).
In contrast, Texas Instruments Incorporated (Nasdaq: TXN), a semiconductor company, reported earnings of $1.85 per share for the third quarter of 2023, surpassing the consensus EPS estimate of $1.81. However, the company's quarterly revenue amounted to $4.53 billion, slightly below analysts' revenue forecast of $4.57 billion.
Texas Instruments also provided an outlook for the fourth quarter of 2023, projecting revenue in the range of $3.93 billion to $4.27 billion and EPS between $1.35 and $1.57, differing from the consensus EPS estimate of $1.75 on revenue of $4.49 billion for the period.
In after-hours, $TXN was trading at $140.10, down $6.82 (-4.64%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Honeywell, Intel, and Dover Earnings Preview: What to Expect
July 20th, 2025All Eyes on Tesla, ServiceNow, and GE Vernova Ahead of Earnings
July 20th, 2025RTX, Texas Instruments, and Northrop Grumman Earnings in Focus
July 20th, 2025
Member Login