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Tuesday, October 23, 2018

Texas Instruments falls more than 4% after missing on revenue, giving weak fourth quarter guidance

Texas Instruments shares fell more than 5 percent during after-hours trading Tuesday after the company missed estimates in its revenue and giving weak fourth quarter guidance.

The technology company reported $4.26 billion in revenue, missing analysts' estimates of $4.3 billion. However, the company did beat estimates in earnings per share, reporting $1.58 a share. Analysts estimated $1.53 a share.

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