REUTERS: Chipmaker Texas Instruments reported better-than-expected first-quarter profit and revenue on Tuesday, offering hope that a slowdown in demand for microchips late last year may not be as long-lasting as feared.
Texas Instruments had signaled last quarter that the semiconductor cycle is on a downward turn after over 10 quarters of constant growth and that trade tensions could"impact the depth and duration of this cycle." The Dallas-based company, often seen as a bellwether for a semiconductor industry, said it expects second-quarter revenue to be between US$3.46 billion and US$3.74 billion and earnings per share of between US$1.12 per share and US$1.32 per share.Analysts were expecting revenue of US$3.67 billion and profit of US$1.24 per share."The outlook is weaker than consensus but not as bad as feared," said Hans Mosemann, analyst from Rosenblatt Securities.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Apple lab uses robots to rip apart devices for recycling materialsTEXAS: Apple is notorious for keeping what happens in its laboratories a closely guarded secret. But the iPhone maker plans to share openly ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Stone stackers defy gravity at European championshipsExpertly balancing one rock on top of another at the European Stone Stacking Championships, competitors combine skill and artistic creativity to come up with gravity-defying constructions. The winner receives a trip to the Llano Earth Art Festival in Texas where the 2020 World Rock Stacking Championships
Source: YahooSG - 🏆 3. / 71 Read more »
Docs fight to keep alive baby born with nearly no skinSAN ANTONIO, Texas • It should have been one of the happiest moments of Ms Priscilla Maldonado's life but, instead, the 25-year-old mother was terrified.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
K-pop singer Chungha on going from girl group to solo artistThere was a time when Chungha could barely afford to attend dance classes, but she is now a K-pop star with millions of views for her music videos and hit songs like Roller Coaster, Why Don't You Know and Gotta Go. The 23-year-old singer-dancer lived in Texas, US, for eight...
Source: thenewpaper - 🏆 7. / 63 Read more »
United Technologies quarterly profit beats, shares riseU.S. industrial conglomerate United Technologies Corp on Wednesday reported a 20.5 percent rise in quarterly revenue, boosted by the acquisition ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
P&G sales, profit beat estimates on higher pricesProcter & Gamble Co's quarterly revenue beat Wall Street estimates on Tuesday, as it sold more beauty, fabric and home care products.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Honeywell beats profit estimates, raises full-year forecastHoneywell International Inc on Thursday reported a better-than-expected quarterly profit and raised it full-year financial forecast as a boom in ... And paid ZERO in federal taxes.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Morgan Stanley profit beats estimates on wealth management, lower costsMorgan Stanley reported a 9 percent drop in quarterly profit on Wednesday as equities and bond trading fell due to low market volatility.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Whirlpool profit beats on price hikes, shares jumpAppliances maker Whirlpool Corp beat analysts' estimates for quarterly profit on Monday, fueled by price increases to counter higher raw material ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Lockheed Martin raises 2019 profit, shares risePentagon's No.1 weapons supplier Lockheed Martin Corp on Tuesday reported a 47 percent jump in quarterly profit and raised its 2019 profit ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Harley-Davidson profit way above estimates as Trump weighs inHarley-Davidson Inc reported a 26.7 percent fall in quarterly profit on Tuesday, hit by a slide in sales in the United States and higher costs ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »