06:56 AM EDT, 04/23/2024 (MT Newswires) -- Texas Instruments ( TXN ) just ekes out favoring widening its post-market downside earnings moves in the next day's regular session over the last 20 years. The company is due with its Q1 results in the after-hours today.
TXN has recorded an earnings-driven after-hours decline in 38 of the last 80 quarters tracked in our MT Pro database. In 20 of those 38 quarters, or 53% of the time, the stock has added to its negative trade in the following day's regular session.
On the upside, TXN has recorded an earnings-driven after-hours gain in 42 of the quarters we've tracked, widening direction the following day in 20 of those quarters, or 48% of the time.
Analysts polled by Capital IQ expect TXN to report a Q1 profit of $1.08 per share on revenue of $3.6 billion.