Texas Instruments 1Q Results Dip 60% But Sales Higher Than Expected
Texas Instruments (Nasdaq: TXN), the No. 1 maker of communications chips, reported Monday that first-quarter net income dipped a worse-than-expected 60 percent but said revenue was better than predicted. The world's No. 4 chipmaker reported first-quarter net income was only $265 million, or 22 cents a share, including one-time charges, on revenue that eased 8 percent to $3.12 billion. CEO Rick Templeton said the company expects much better performance this quarter, with earnings rising to between... Читать дальше...