Texas Instruments Sets Three Year Closing Low On Disappointing Earnings

Wed. July 23, 2008; Posted: 08:03 AM

(RTTNews) - Texas Instruments (TXN | Quote | Chart | News | PowerRating) plunged more than 14% on Tuesday after the company reported worst than expected quarterly results. The stock gapped open sharply lower and maintained most of its loss throughout the session. TXN ended the day down $4.17 at $24.35 on above average volume.

With the drop, the stock fell below support to close at its worst level in over three years.

For full details on Texas Instruments Inc (TXN) click here. Texas Instruments Inc (TXN) has Short Term PowerRatings of 5. Details on Texas Instruments Inc (TXN) Short Term PowerRatings is available at This Link.

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