Texas Instruments Incorporated Posts Q3 Beat; Sees Q4 Ahead Of Views

Texas Instruments Inc.

beat third-quarter profit expectations Monday and offered an outlook higher than Street views. The company traded recently up 2.5 percent in the extended session at $45.50 a share. The Dallas-based chip-maker also said third-quarter free cash flow grew 20 percent from a year ago to $3.5 billion or 27 percent of revenue. For the fourth quarter, the company forecast earnings between $0.64 cents and $0.74 cents a share, on revenue of between $3.13 billion to $3.39 billion Analysts expect fourth-quarter earnings of $0.63 cents a share on revenue of $3.25 billion. For the recent period, Texas Instruments posted earnings of $826 million, or $0.76 a share, up from year-earlier profits of $629 million, or $0.56 a share. Revenue grew to $3.5 billion, from $3.24 billion. Wall Street expected earnings of $0.71 cents a share, on revenue of $3.46 billion.