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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 | 178.96 | 180.00 | 179.68 | 177.43 | 177.49 | 4,686,091 | 01:00:00 |
From May 2023 to May 2024
By Emon Reiser
Texas Instruments reported lower revenue and profit as industrial weakness broadened and automotive growth continued.
The chip maker posted net income of $1.71 billion, or $1.85 a share, for the quarter ended Sept. 30, down from $2.3 billion, or $2.47 a share, a year earlier. Analysts polled by FactSet expected $1.76 a share.
Net sales fell to $4.53 billion from $5.24 billion a year ago. Analysts polled by FactSet had expected $4.58 billion.
"Our cash flow from operations of $6.5 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300-mm production," said Chief Executive Haviv Ilan said.
Write to Emon Reiser at emon.reiser@wsj.com
(END) Dow Jones Newswires
October 24, 2023 16:27 ET (20:27 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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