Let's delve into the developments on the US markets one hour before the close of the markets on Wednesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Shares of analog chip manufacturer Texas Instruments (NASDAQ:TXN)
fell 12.3% in the afternoon session after it issued a weaker-than-expected forecast for the third quarter, sparking concerns about future demand for its chips.
A wave of U.S. trade deals with key allies over the past 24 hours reignited Wall Street's rally and boosted investor risk appetite across global markets.
Texas Instruments shares are trading lower on Wednesday following the release of second quarter earnings and third quarter guidance on Tuesday after the market closed.
Curious about the top performers within the S&P500 index in the middle of the day on Wednesday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
CEO Haviv Ilan noted that the cyclical recovery is continuing, while customer inventories remain at low levels, and emphasized that in times like these, it is crucial to have sufficient capacity and inventory
Before the opening bell on Wednesday, let's take a glimpse of the US markets and explore the S&P500 top gainers and losers in today's pre-market session.
Baird’s Tristan Gerra attributed the post-market weakness to investors' concerns about a change in the management tone on the call, combined with a sequentially flattish gross margin guidance.
Analog chip manufacturer Texas Instruments (NASDAQ:TXN) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 16.4% year on year to $4.45 billion. The company expects next quarter’s revenue to be around $4.63 billion, close to analysts’ estimates. Its GAAP profit of $1.41 per share was 5.8% above analysts’ consensus estimates.
