Semiconductor maker, Texas Instruments Incorporated (NASDAQ: TXN) said late last evening that its fiscal second-quarter net income increased 48%, aided by a big onetime gain (the company transferred technology to an unnamed client for $315 million).
Continue reading Texas Instruments Q2 Profit Up 48%, Sees Market Improving (TXN)
Shares of LDK Solar Co. Ltd. (ADR) (NYSE: LDK) tumbled 10.98% by afternoon trade. The heavily indebted Chinese solar company said on Tuesday that fiscal first quarter loss widened. The Company blamed low panel prices for its poor show. Panel prices have fallen sharply due to oversupply in China and slowdown in Europe, where governments have been withdrawing subsidies due to the budget austerity drive. The Company said that net loss stood at $187.1 million or $1.21 per ADS compared to a loss of $185.2 million or $1.46 Per ADS, in the same quarter of last year. Revenue almost halved to $104.3 million.
Continue reading Major Movers on June 11; LDK, LULU, TXN, DMND, DOLE
Urban Outfitters Inc. (NASDAQ: URBN) shares rallied on Tuesday, gaining nearly 7 percent after specialty retailer in its regulatory filing said that its same-store-sales in the fourth quarter so far were up in the high-single-digit percentage—which was above analysts’ consensual estimate.
Continue reading Major Movers on December 11; URBN, PERY, DG, BIG, TNS, TRIP, SOMX, PTX, WBMD, TXN
Texas Instruments Inc. (NASDAQ: TXN) raised a tad its outlook on fiscal fourth-quarter profit (excluding huge restructuring charge) as company looks to slash its expenses owing to global macroeconomic uncertainty; nevertheless, it narrowed its revenue guidance putting a question mark on its long term growth prospects.
Continue reading Texas Instruments Raises Q4 Earnings Outlook (TXN)