Texas Instruments' revenue, profit beat estimates

Reuters News
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Posted: Oct 21, 2015 5:11 PM

(Reuters) - Texas Instruments Inc reported quarterly profit and revenue that beat market expectations, helped by higher sales of its analog and embedded chip products.

Texas Instruments said net income fell to $798 million, or 76 cents per share, in the third quarter ended Sept 30, from $826 million, or 76 cents per share, a year earlier.

Revenue however fell 2 percent to $3.43 billion, due to weak overall demand.

Analysts on average had expected revenue of $3.28 billion and profit of 67 cents per share, according to Thomson Reuters I/B/E/S.

(Reporting by Sai Sachin R in Bengaluru; Editing by Savio D'Souza)