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Texas Instruments: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

DALLAS (AP) — DALLAS (AP) — Texas Instruments Inc. (TXN) on Tuesday reported second-quarter earnings of $1.13 billion.

The Dallas-based company said it had profit of $1.22 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.

The chipmaker posted revenue of $3.82 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $3.8 billion.

For the current quarter ending in September, Texas Instruments said it expects revenue in the range of $3.94 billion to $4.26 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TXN at https://www.zacks.com/ap/TXN