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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Texas Instruments Incorporated | NASDAQ:TXN | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.40 | 1.93% | 179.1999 | 156.00 | 185.00 | 179.68 | 177.43 | 177.49 | 4,686,091 | 05:00:05 |
From May 2021 to May 2024
By Maria Armental
Texas Instruments Inc. reported a 22% revenue increase on strong demand in industrial, automotive and personal electronics. Here's what you need to know:
PROFIT: Net income rose to $1.95 billion from $1.35 billion a year earlier. On a per-share basis, profit was $2.07. TI projected $1.87 to $2.13 a share, while analysts surveyed by FactSet expected about $2.05 a share.
REVENUE: Revenue rose to $4.64 billion from $3.82 billion a year earlier. TI had projected $4.40 billion to $4.76 billion, and analysts expected about $4.66 billion.
OUTLOOK: For the fourth quarter, TI projects a profit of $1.83 to $2.07 a share on $4.22 billion to $4.58 billion in revenue, compared with analysts' projected $1.93 a share and $4.45 billion in revenue.
INVENTORY: Inventory was $1.86 billion, down from $2.07 billion a year earlier.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
October 26, 2021 16:24 ET (20:24 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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