Texas Instruments 1st quarter profit and revenue tumble

DALLAS (AP) - Texas Instruments says first-quarter profit and
revenue tumbled but the results aren't as bad as what the company
and Wall Street expected.

In its earnings statement Monday, the Dallas-based company is
posting a profit of $17 million, or 1 cent a share.

That's down 97 percent from a profit of $662 million, or 49
cents a share, in the same period last year.

Excluding a restructuring charge, TI says it earned 7 cents a
share during the latest period. That's better than the 3 cents a
share analysts polled by Thomson Reuters have expected.

Revenue tumbled 36 percent to $2.09 billion from $3.27 billion.
That's still better than analysts' expectations of $1.9 billion.

Sherman 4201 Texoma Pkwy (903) 892 -8123 Ardmore 2624 S. Commerce (580) 223-0946
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 43305852 - kxii.com/a?a=43305852
Gray Television, Inc.