UPDATE: Texas Instruments (TXN) Reports In-Line Q2 EPS; Issues Light Q3 Outlook
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TI reports 2Q15 financial results and shareholder returns
July 22, 2015 4:30 PM EDTDALLAS, July 22, 2015 /PRNewswire/ --Â Texas Instruments Incorporated (TI) (NASDAQ: TXN) today reported second-quarter revenue of $3.23 billion, net income of $696 million and earnings per share of 65 cents.
Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:
"Revenue declined 2 percent year over year, inclusive of notably weak demand in communications equipment and continued strong demand in automotive. "Even so, our core businesses of Analog and Embedded Processing, together, grew slightly year over year and comprised 85 percent of second-quarter revenue.... More