Earnings Outcomes: Texas Devices inventory declines as weak outlook overshadows earnings beat

Texas Devices Inc. shares declined within the prolonged session Tuesday after the chip maker’s cautious outlook overshadowed its earnings beat.

Texas Devices TXN shares declined 2% after hours, following a 3.7% decline to shut the common session at $169.39.

In its earnings launch, the corporate stated it expects second-quarter earnings of…