Texas Instruments: Q3 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — Texas Instruments Inc. (TXN) on Wednesday reported third-quarter earnings of $2.42 billion.

The Dallas-based company said it had net income of $2.62 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.40 per share.

The chipmaker posted revenue of $6.06 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $5.93 billion.

For the current quarter ending in December, Texas Instruments said it expects revenue in the range of $5.8 billion to $6.3 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