BofA/Merrill Lynch Downgrades Texas Instruments (TXN) to Neutral

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Go back to BofA/Merrill Lynch Downgrades Texas Instruments (TXN) to Neutral

TI reports 1Q15 financial results and shareholder returns

April 22, 2015 4:30 PM EDT

DALLAS, April 22, 2015 /PRNewswire/ -- Texas Instruments Incorporated (TI) (NASDAQ: TXN) today reported first-quarter revenue of $3.15 billion, net income of $656 million and earnings per share of 61 cents. 

Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:

"Revenue growth of 6 percent was the sixth consecutive quarter of year-over-year growth and within the range of our expectations. Automotive and industrial markets were strong, as we expected they would be. Revenue, however, was in the... More