S&P 500 Closes Lower for a Third Session; Dow Ekes Out Gain
Texas Instruments Inc
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NEW YORK, Jan 30- Qualcomm Inc, the world's leading supplier of chips for cellphones, reported quarterly earnings and revenue that beat Wall Street expectations and raised its financial targets for 2013 due to growing demand for smartphones and high-speed wireless services.
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NEW YORK, Jan 30- Qualcomm Inc beat Wall Street expectations for its fiscal first-quarter earnings and revenue and raised its financial targets for 2013 due to growing demand for smartphones and high-speed wireless services.
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NEW YORK, Jan 30- Qualcomm Inc beat Wall Street expectations for its fiscal first-quarter earnings and revenue and raised its financial targets for 2013 due to growing demand for smartphones and high-speed wireless services.
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*Sees first-quarter revenue $945 mln- $985 mln vs est $933.1 mln. *Fourth-quarter adjusted loss $0.15/ share vs est loss $0.18. Jan 29- Freescale Semiconductor Ltd, which makes chips for cars and machinery, forecast current-quarter revenue above analysts' estimates as demand returns in its wireless and enterprise businesses.
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*Sees first-quarter revenue $945 mln- $985 mln vs est $933.1 mln. Freescale's net loss increased to $35 million, or 14 cents per share, in the fourth quarter, from $6 million, or 2 cents per share, a year earlier. Excluding items, Freescale reported a loss of 15 cents per share.
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Many corporations are tempering their earnings beats with more than a dollop of caution about the outlook for 2013, which is barely 3 weeks old.
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*Q4 earnings per share $0.23 vs year-ago $0.25. Jan 22- Texas Instruments Inc on Tuesday posted quarterly revenue that was ahead of Wall Street expectations but the chip maker warned of uncertain demand and a widespread customer reluctance to order until the last minute due to macroeconomic worries.
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Check out which companies are making headlines after the bell Tuesday:
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The chip maker posted fourth-quarter earnings that beat analyst estimates, but warned that it's first-quarter results will miss forecasts.
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Stocks closed higher for a third-straight session Tuesday, with the Dow and S&P 500 adding to their recent multi-year gains, ahead of a busy week of corporate earnings and amid hope for a deal on the debt ceiling.
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Jan 22- Texas Instruments Inc on Tuesday posted quarterly revenue that was ahead of Wall Street expectations but the chip maker warned of weak demand. Revenue fell to $2.98 billion from $3.42 billion but was ahead of Wall Street expectations for $2.95 billion according to Thomson Reuters I/B/E/S.
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CNBC's Bertha Coombs reports on Texas Instruments' Q4 and Q1 earnings data. Earnings were 36 cents a share vs. expectations of 34 cents/share. The company's outlook, however, was a disappointment.
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*Google, IBM and Texas Instruments to report after the bell. *Dow up 0.4 pct, S&P 500 up 0.3 pct, Nasdaq up 0.01 pct. Gains were limited, however, as investors were cautious ahead of an increase in earnings reports and the S&P 500 was rising for the fifth straight day.
