Jul 23, 2013

Posted by in Featured, Stock Market News | 0 Comments

Most Active Movers: Texas Instruments Inc. (NASDAQ:TXN) and Gannett Co. (NYSE:GCI)

Most Active Movers: Texas Instruments Inc. (NASDAQ:TXN) and Gannett Co. (NYSE:GCI)

On Monday, Texas Instruments Inc. (NASDAQ:TXN) declared a second-quarter profit of $660 million, or 58 cents per share, in contrast with a profit of $446 million, or 38 cents per share, for the year-ago same quarter.

Revenue declined to $3.05 billion, as compared to $3.34 billion. The firm’s results contained an increase linked with the transfer of wireless connectivity technology to a customer and more than predicted charges linked with formerly declared restructuring.

These items changed to a benefit of 16 cents to earnings per share. Experts surveyed by FactSet on average were predicting the Dallas chip manufacturer to announce a profit of 41 cents per share, on revenue of $3.06 billion.

Gannett Co. (NYSE:GCI) declared that its second-quarter profit plunged 5.2%, to $113.6 million, or 48 cents per share, as compared to $119.9 million, or 51 cents per share, a year ago.

Revised second-quarter earnings came in at 58 cents share. Revenue declined 0.3%, to $1.303 billion, as compared to $1.307 billion a year ago, the publishing firm reported on Monday. Experts had predicted earnings of 58 cents per share on revenue of $1.328 billion, as per reported by FactSet. Shares in Gannett were lower 2% in the premarket session.

Comments are closed.