Texas Instruments posts higher first-quarter profit and revenue, but offers tepid guidance for second quarter

April 22, 2015 9:02 PM

61 0

Texas Instruments Inc. posted higher first-quarter profits and revenue based on strong automotive and industrial markets, but the company expects a tougher current quarter.

The chipmaker today reported that its first-quarter net profit jumped 35 percent to $656 million, or 61 cents per share, from $487 million, or 44 cents per share, a year earlier. Revenue rose 6 percent to nearly $3.2 billion.

Also read: Record 47 million expected to travel for U.S. July Fourth holiday: AAA

Read more

To category page