(Finance) – Press on Texas Instrumentswhich is losing ground, showing a drop of 5.70% after disappointing the market with guidance.
The ga group closed the third quarter with earnings per share of $ 2.45, higher than the consensus $ 2.39, while revenues stood at $ 5.24 billion versus the 5.14 estimated by analysts.
The company estimates for the fourth quarter a turnover of between 4.40-4.80 billion, less than the 4.93 billion estimated by the market.
The one-week trend of the US chip company is more sluggish than the trend ofS&P 100. Such a breakdown could trigger opportunities for the market to sell the stock.
The short-term technical status of Texas Instruments highlights a broadening of the positive performance of the curve with the first resistance area identified at USD 155.3. Risk of possible correction up to the target 151. Expectations are for an increase in the uptrendline towards the 159.6 resistance area.