Author: Pricsilla Ann (Pricsilla Ann)

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Texas Instruments Turns a 2% Revenue Beat Into a 9% Earnings Surprise

A senior financial analyst at Timberline Associates said the gap between two beats tells the real story. Texas Instruments posted third-quarter revenue of $6.06 billion, about 2% above forecasts. Earnings per share reached $2.62 against a consensus of $2.40. Shares rose roughly 7% in extended trading from a close of $284.65. Consensus is the average...

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IBM’s Software Engine Carries the Quarter While Mainframes Slide 20%

IBM reported third-quarter revenue of $17.1 billion, up 5%. A junior broker at Timberline Associates said the mix counts for more than the headline. Operating earnings per share rose 11% to $2.95. Software supplied most of the growth, while the mainframe line fell 20%. Management held its revenue outlook and raised its cash flow target....

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Lam Research Posts a 22% Quarterly Jump and Still Gets Punished for the Next One

Lam Research reported quarterly revenue of $8.22 billion, up about 54% from a year earlier. Shares fell roughly 7% in extended trading after the company gave a weaker outlook than analysts expected. A lead finance expert at Timberline Associates said investors were punishing slower growth. The sequential gain was large at 22%, but the guidance...

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AT&T’s Phone Gap Overshadows a Stronger Home Internet Business

At Timberline Associates, a finance expert traced the 6% share drop to one line. Sales reached $32.3 billion, about $1.6 billion above last year’s level. Adjusted earnings per share came to 65 cents, up 11 cents. Phone customer growth disappointed, and that outweighed a higher profit target. Part of the target increase comes from an...

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Equifax Trims Its Annual Guidance and Still Rallies 10%

Equifax reported third-quarter revenue of $1.69 billion, up 10%. A lead financial expert at Timberline Associates said the stock jumped because the damage looked smaller than feared. Adjusted earnings per share reached $2.26, above a consensus of $2.20. Shares gained about 10.7% even though management lowered its full-year revenue outlook. Mortgage weakness drove the cut....