Texas Instruments, Dallas-Based Chipmaker, Boasts Earnings of $1.29B

DALLAS, TX — Texas Instruments Inc. (TXN), based in Dallas, Texas, reported Tuesday third-quarter earnings of $1.29 billion. and a profit of $1.26 per share, far surpassing Wall Street's projections. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The chipmaker posted revenue of $4.12 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $3.92 billion.

For the current quarter ending in December, Texas Instruments said it expects revenue in the range of $3.57 billion to $3.87 billion. Analysts surveyed by Zacks had expected revenue of $3.67 billion. (For more information on Texas Instruments and other Dallas stories, subscribe to Patch to receive daily newsletters and breaking news alerts. If you have an iPhone, click here to get the free Patch iPhone app.)

Texas Instruments shares have climbed 32 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 15 percent. In the final minutes of trading on Tuesday, shares hit $96.44, an increase of 35 percent in the last 12 months.

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

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