Home » Business » Börse Express – US chip company Texas Instruments surprises thanks to Corona virus in sales

Börse Express – US chip company Texas Instruments surprises thanks to Corona virus in sales

video-tag-article">

The US chip company Texas Instruments
(TI) has surprisingly a lot in the past quarter
sold. Because customers are against the backdrop of the corona pandemic
Concern about the availability of required products a lot
ordered, sales in the first quarter only increased by 7 percent
$ 3.33 billion returned, as the company said on Tuesday
announced after US closing in Dallas. However, analysts had
expected only $ 3.14 billion.

Investors were relieved. TI ‘s share price rose in
after-hours trading in an initial reaction by more than two
Percent too.

The bottom line profit fell $ 1.22 billion in
corresponding period of the previous year to $ 1.17 billion. Also
experts had predicted less here.

In the second quarter, TI expects further sales and
Decline in profits. The proceeds will be between 2.61 and 3.19 billion
And $ 0.64 to 1.04 in earnings per share.

Texas Instruments is the first major US chip maker to be built by
first effects of the corona pandemic influenced quarterly figures
submitted. The company mainly produces for industrial and
the automotive industry. The company also supplies chips that
Everyday devices such as TVs and washing machines as well
Control medical devices. The group also produces digital ones
Signal processors used in the processing of audio and
Video signals are required

 ISIN  US8825081040

AXC0453 2020-04-21 / 23: 16

Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.

– .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.