Investing.com UK - Financial Markets Worldwide
Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Texas Instruments Reports Q4 Results, Joins BlackBerry And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Published 24/01/2024, 10:12
© Reuters. Texas Instruments Reports Q4 Results, Joins BlackBerry And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
TXN
-

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 100 points on Wednesday.

Shares of Texas Instruments Incorporated (NASDAQ: TXN) shares fell in today’s pre-market trading after the company reported fourth-quarter financial results.

Texas Instruments reported quarterly earnings of $1.49 per share, compared to analyst expectations of $1.47, a 30.05% decrease over earnings of $2.13 per share from the same period last year. The company reported quarterly sales of $4.08 billion, falling short of the analyst consensus of $4.12 billion.

Texas Instruments sees first-quarter revenue between $3.45 billion and $3.75 billion, much lower versus the $4.06 billion estimate.

Texas Instruments shares declined 3.7% to $167.88 in pre-market trading.

Here are some big stocks recording losses in today’s pre-market trading session.

  • BlackBerry Limited (NYSE: BB) shares fell 11% to $3.16 in pre-market trading after the company announced a proposed private offering of $160 million of convertible senior notes.
  • Diversified Energy Company PLC (NYSE: DEC) fell 8.9% to $11.74 in pre-market trading.
  • Digital World Acquisition Corp. (NASDAQ: DWAC) shares declined 7.4% to $47.00 in pre-market trading after gaining 2% on Tuesday.
  • Sagimet Biosciences Inc. (NASDAQ: SGMT) shares fell 4.6% to $16.71 in pre-market trading as the company reported a proposed public offering of Series A common stock.
  • Plug Power Inc. (NASDAQ: PLUG) fell 3% to $3.61 in pre-market trading. Plug Power shares surged 31% on Tuesday after the company announced the start of production at its liquid green hydrogen plant in Georgia.
  • DXC Technology Company (NYSE: DXC) shares declined 2.6% to $22.50 in pre-market trading. DXC Technology is expected to release financial results for the third quarter of fiscal year on Feb. 1, 2024.

Now Read This: Investor Optimism Improves Following Earnings Reports; S&P 500 Reaches Another High

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.