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Valued at $183.6 billion by a market cap, Dallas, Texas-based Texas Instruments Incorporated (TXN) is a leading manufacturer in the semiconductor industry. The company specializes in designing, manufacturing, and selling analog and embedded processing products used across various sectors, including industrial, automotive, and personal electronics. The company is expected to announce its fiscal Q3 earnings results before the market opens on Tuesday, Oct. 22.
Ahead of the event, analysts expect the producer of analog and embedded chips to report a profit of $1.36 per share, down 24.4% from $1.80 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on one other occasion. In the most recent quarter, the company exceeded estimates by a 5.2% margin.
