Texas Instruments' 2Q Profit, Revenue Beat Projections
July 21 2021 - 3:28PM
Dow Jones News
By Maria Armental
Texas Instruments Inc. reported better-than-expected June
quarter results, with a 7% revenue increase from the previous
quarter and 41% increase from the year earlier driven by strong
demand in industrial, automotive and personal electronics.
Second-quarter profit rose to $1.93 billion from $1.38 billion a
year earlier. On a per-share basis, profit was $2.05.
Revenue rose to $4.58 billion from $3.24 billion.
Texas Instruments had projected profit of $1.68 to $1.92 a share
on $4.13 billion to $4.47 billion in revenue, while analysts
surveyed by FactSet expected $1.83 a share on $4.36 billion in
revenue.
This quarter, it expects $1.87 to $2.13 a share in profit and
$4.4 billion to $4.76 billion in revenue, compared with analysts'
expected profit of $1.97 a share and about $4.6 billion in
revenue.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
July 21, 2021 16:21 ET (20:21 GMT)
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