Texas Instruments Earnings Matched Expectations. Its Stock Is Sliding.

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Updated Oct. 26, 2021 6:57 p.m. ET / Original Oct. 26, 2021 5:45 p.m. ET

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A Texas Instruments Inc. TI-84 Plus CE graphing calculator, left, sits successful a show furniture astatine a installation of Cal-Comp Technology Philippines Inc.

Hannah Reyes Morales/Bloomberg

Texas Instruments shares fell successful after-hours trading connected Tuesday aft the chipmaker posted 3rd 4th fiscal results that were mostly successful enactment with Street expectations. The institution besides noted that it volition beryllium expanding its superior spending to boost capacity.

For the quarter, Texas Instruments (ticker: TXN) posted gross of $4.6 billion, up 22% from a twelvemonth earlier, and conscionable a smidge beneath the Wall Street expert statement forecast of $4.6 billion. Profits were $2.07 a share, 2 cents supra the Street statement astatine $2.05...

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