Texas Instruments (TXN) Tops Q3 EPS by 18c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus
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TI reports third quarter 2020 financial results and shareholder returns
October 20, 2020 4:01 PM EDTDALLAS, Oct. 20, 2020 /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported third quarter revenue of $3.82 billion, net income of $1.35 billion and earnings per share of $1.45.
Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:
"Revenue increased 18% sequentially with notable strength from the rebound of automotive demand and growing demand from personal electronics. Revenue increased 1% from the same quarter a year ago. "In our core businesses, Analog revenue grew 18% and Embedded Processing grew 19% sequentially. From... More