DALLAS (AP) 鈥� DALLAS (AP) 鈥� Texas Instruments Inc. (TXN) on Wednesday reported first-quarter profit of $1.55 billion.
The Dallas-based company said it had net income of $1.68 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The chipmaker posted revenue of $4.83 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $4.52 billion.
For the current quarter ending in June, Texas Instruments said it expects revenue in the range of $5 billion to $5.4 billion.
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