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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
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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

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