Texas Instruments (TXN) Tops Q1 EPS by 14c, Offers Q2 Guidance
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TI reports 1Q17 financial results and shareholder returns
April 25, 2017 4:30 PM EDTDALLAS, April 25, 2017 /PRNewswire/ --Â Texas Instruments Incorporated (TI) (NASDAQ: TXN) today reported first-quarter revenue of $3.40 billion, net income of $997 million and earnings per share of 97 cents. Earnings per share include an 8-cent discrete tax benefit not in the company's original guidance.
Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:
"Revenue increased 13 percent from the same quarter a year ago. Demand for our products continued to be strong in the automotive market and continued to strengthen... More