They’ve been lowering guidance for about a decade.
If you enjoy the content at iBankCoin, please follow us on TwitterTexas Instruments issues 3Q mid quarter update; narrows EPS (more so to the downside) and lowers revenue guidance (25.80 -0.09)Co sees Q3 EPS of $0.56-$0.60 vs. $0.55-0.65 previously and the $0.60 Capital IQ Consensus; with rev of $3.23-3.37 bln vs. $3.4-3.7 bln previously and the $3.54 bln consensus.
Conference call @5:00.
After initial hit in AH stock has rebounded.
I guess they figure it could have been worse.