Stock Movers: Texas Instruments, Health Insurers, JetBlue, and Seagate Earnings

Texas Instruments Earnings and Outlook

• 💡 Texas Instruments reported fourth-quarter results with an EPS miss ($1.27 vs. $1.30 estimate) but revenue growth of 10% year-over-year, in line with estimates at $4.42 billion.
• 📈 The company saw 14% growth in its analog business and 8% in embedded processing, with shares trading up about 3% in after-hours trading.
• 💰 Free cash flow for the fourth quarter was strong, up 65% year-over-year to $1.33 billion, while R&D expenses increased 6.1% year-over-year.

Health Insurer Stock Declines

• ⚠️ Shares of health insurers like UnitedHealth Group, CVS Health, and Humana fell significantly due to a proposed US government policy to limit Medicare Advantage payments.
• 📉 UnitedHealth Group forecast its first annual revenue drop since the 1980s, contributing to a more than $60 billion loss in market value for the company.
• 📉 CVS Health dropped about 15% and Humana fell 20% on the same news.

JetBlue's Financial Performance

• ✈️ JetBlue shares declined after reporting a wider-than-expected loss last quarter, capping a difficult year.
• 📉 The airline posted an adjusted loss of 49 cents per share, worse than the 46 cents estimated by analysts, though operating revenue slightly exceeded expectations.
• 📊 JetBlue's stock fell 6.9% today, following a 42% drop last year.

Seagate and Corning Performance

• 💾 Seagate reported second-quarter revenue of $2.83 billion, beating estimates, and an adjusted EPS beat at $3.11.
• 📉 Despite strong quarterly results and a 35% year-to-date gain, Seagate shares declined 3.2% after hours, likely due to its forecast.
• 🚀 Corning was a top performer, gaining 16% after announcing a multi-year, up to $6 billion agreement with Meta Platforms to supply optical fiber for its AI-driven data centers.

Pinterest Restructuring

• 📌 Pinterest shares fell 9.6% as the company announced it is laying off less than 15% of its workforce and reducing office space as part of a global restructuring.
• 💰 The company expects to incur $35 to $45 million in pre-tax restructuring charges, with actions to be completed by the end of the third quarter.