Monday, July 25, 2016

Texas Instruments Profit Rises, Outlook Strong; Shares Up 5%

Analog chip maker Texas Instruments Inc. (TXN), Monday reported a 12 percent jump in profit for the second quarter, driven largely by better cost control and higher revenues. Earnings for the quarter trumped analysts' expectations, as did revenues. The company also detailed a strong outlook for the third quarter, sending its shares up 5 percent in extended trading session.

from RTT - Earnings http://ift.tt/2ars3UE
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