Texas Instruments (TXN) Q1 Earnings Beat, Revenues Fall Y/Y

Texas Instruments (TXN) reported first-quarter 2024 earnings of $1.20 per share, surpassing the Zacks Consensus Estimate by 13.2%. The figure exceeded the guided range of 96 cents-$1.16 per share.However, the figure declined 35% year over year and 19.5% sequentially.TXN reported revenues of $3.66 billion, which beat the Zacks Consensus Estimate of $3.61 billion. The figure came within management’s guidance of $3.45-$3.75 billion.Revenues decreased 16% from the year-ago quarter’s level and 10.2% sequentially ...