Texas Instruments (TXN) Tops Q2 EPS by 3c, Q3 EPS Guidance Tops views

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Go back to Texas Instruments (TXN) Tops Q2 EPS by 3c, Q3 EPS Guidance Tops views

TI reports 2Q16 financial results and shareholder returns

July 25, 2016 4:30 PM EDT

DALLAS, July 25, 2016 /PRNewswire/ -- Texas Instruments Incorporated (TI) (NASDAQ: TXN) today reported second-quarter revenue of $3.27 billion, net income of $779 million and earnings per share of 76 cents.

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

"Revenue and earnings per share for the quarter were solidly in the upper half of our expected range. Compared with a year ago, demand for our products continued to be strong in the automotive market, and grew in the industrial and communications... More