Texas Instruments (TXN) Reported Q3 EPS Beat, Almost In-Line Revenues

Texas Instruments (NASDAQ: TXN) reported its Q3 results, with EPS coming in at $2.07, slightly better than the consensus estimate of $2.05. Quarterly revenue grew 22% to $4.64 billion, compared to the consensus estimate of $4.66 billion.

According to Rich Templeton, the chairman, president and CEO of the company, the quarterly revenue increase was driven by strong demand in industrial, automotive, and personal electronics. Templeton also said that the company returned $4.2 billion to its shareholders in the past 12 months via dividends and stock repurchases, noting that the company announced a 13% dividend increase in September.

The company provided its Q4 outlook, expecting an EPS of $1.87-$2.07 (vs. Street’s $1.93) and revenue of $4.22-4.58 billion (vs. Street’s $4.44 billion).

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