Texas Instruments (TXN) PT Increases After Beat/Raise - Sterne Agee CRT
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TI reports 1Q16 financial results and shareholder returns
April 27, 2016 4:30 PM EDTDALLAS, April 27, 2016 /PRNewswire/ -- Texas Instruments Incorporated (TI) (NASDAQ: TXN) today reported first-quarter revenue of $3.01 billion, net income of $668 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 for the quarter was in the upper half of our expected range. Compared with a year ago, notable market activity for our products included continuing strength in automotive, as well as improvement in industrial and communications equipment. Revenue was down 5... More