DALLAS (AP) — DALLAS (AP) — Texas Instruments Inc. (TXN) on Tuesday reported second-quarter earnings of $1.3 billion.
The Dallas-based company said it had net income of $1.41 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The chipmaker posted revenue of $4.45 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $4.31 billion.
For the current quarter ending in September, Texas Instruments said it expects revenue in the range of $4.45 billion to $4.8 billion.
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