Meta plans non-voting shares to expand funding options for AI push
The planned stock dividend would give existing shareholders a new share class while preserving the voting power of Class A and B holders.
Texas Instruments forecasts fourth-quarter sales above estimates
Third-quarter revenue increased 28% to $6.06 billion, beating expectations, while profit per share rose 77%.
Texas Instruments said on October 21 that it expects revenue of $5.80 billion to $6.30 billion for the fourth quarter. The forecast exceeds the $5.73 billion average analyst estimate compiled by LSEG. The chipmaker also projected quarterly earnings of $2.45 to $2.79 per share.
For the third quarter, the company reported $6.06 billion in revenue, an increase of 28% from a year earlier and above analysts' $5.92 billion estimate. Profit per share reached $2.62, up 77%.
CEO Haviv Ilan said operating cash flow totaled $9.9 billion over the trailing 12 months. He attributed the performance to the company's business model, product portfolio and benefits from 300mm production.
Based in Dallas, Texas, the company makes analog chips for power management and for converting inputs including sound, light and temperature into digital signals. Its analog and embedded products serve applications ranging from phones and laptops to vehicles and factory machinery.