Texas Instruments net rises 42%
TI reported net income of $628 million, or 38 cents a share, up from $441 million, or 25 cents, in the year-ago quarter. The results were helped by a 6-cents-a-share tax gain.
Quarterly revenue was unchanged from a year earlier at $3.24 billion. Analysts polled by Thomson First Call had forecast earnings of 29 cents a share and revenue of $3.18 billion.
The world's third-biggest chip manufacturer also said it plans to boost its annual dividend by 20% to 12 cents a share, while its board approved a $2 billion stock-repurchase plan. The Dallas-based company has been an aggressive buyer of its stock this year.
Quarterly revenue was unchanged from a year earlier at $3.24 billion. Analysts polled by Thomson First Call had forecast earnings of 29 cents a share and revenue of $3.18 billion.
The world's third-biggest chip manufacturer also said it plans to boost its annual dividend by 20% to 12 cents a share, while its board approved a $2 billion stock-repurchase plan. The Dallas-based company has been an aggressive buyer of its stock this year.
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