Texas Instruments First Quarter Results: EPS beat, revenue beat despite declines across all end markets – Texas Instruments (NASDAQ:TXN)

Texas Instruments Co., Ltd. (NASDAQ:TXN) reported its first quarter results after the market closed on Tuesday. Let's take a look at the key metrics for this quarter.

First quarter revenue: Texas Instruments had first-quarter revenue of $3.66 billion, beating the consensus estimate of $3.611 billion, according to Benzinga Pro. The company's bottom line results were down 16% year-over-year and 10% quarter-over-quarter due to lower revenue in all end markets.

Texas Instruments reported quarterly earnings of $1.20 per share, beating analyst estimates of $1.08 per share. The company noted that its earnings per share included a 10 cent gain on items not included in its original guidance.

Operating cash flow for the trailing twelve months totaled $6.3 billion. Free cash flow for the period was $940 million.

“The trailing 12-month operating cash flow of $6.3 billion reaffirms the strength of our business model, the quality of our product portfolio and the benefits of our 300mm production,” he said. HabibuyranPresident and CEO of Texas Instruments.

Outlook: Texas Instruments expects second-quarter sales to be in the range of $3.65 billion to $3.95 billion, compared to expectations of $3.77 billion. The company expected second-quarter earnings to be in the range of $1.05 to $1.25 per share, compared to expectations of $1.16 per share.

Management plans to hold a conference call regarding these results at 4:30 p.m. ET.

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TXN price action: Shares of Texas Instruments rose 5.43% in the after-hours to $174.40 as of Tuesday's announcement, according to Benzinga Pro.

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