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

April 22, 2015 9:02 PM

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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.

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