Texas Instruments (NASDAQ:TXN) shares are lower in post-market trading following the release of its Q3 results. For the quarter, revenue was $3.24 billion, down 4% from the $3.39 billion in the same period the previous year. Net income landed at $629 million ($0.56 per diluted share), or 20% below Q3 2012's $784 million ($0.67).
Analysts had been expecting revenue of $3.23 billion and EPS of $0.53.
The company provided forward guidance for its current Q4. Revenue for the period is anticipated to be $2.86 billion to $3.10 billion, with EPS coming in at $0.42 to $0.50. It said those projections will be updated on December 9.
Texas Instruments also proffered selected estimates for the entirety of fiscal 2013. It believes it will post around $1.5 billion in research and development expenses, and $500 million in capital expenditures.
Following the announcement of the results, the company's stock slumped by 3.6%, or $1.49, to $40.99 in after-hours trading.
Fool contributor Eric Volkman has no position in Texas Instruments. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
