Texas Instruments Reports 22% Revenue Increase in 3Q -- Earnings Review
October 26 2021 - 3:39PM
Dow Jones News
By Maria Armental
Texas Instruments Inc. reported a 22% revenue increase on strong
demand in industrial, automotive and personal electronics. Here's
what you need to know:
PROFIT: Net income rose to $1.95 billion from $1.35 billion a
year earlier. On a per-share basis, profit was $2.07. TI projected
$1.87 to $2.13 a share, while analysts surveyed by FactSet expected
about $2.05 a share.
REVENUE: Revenue rose to $4.64 billion from $3.82 billion a year
earlier. TI had projected $4.40 billion to $4.76 billion, and
analysts expected about $4.66 billion.
OUTLOOK: For the fourth quarter, TI projects a profit of $1.83
to $2.07 a share on $4.22 billion to $4.58 billion in revenue,
compared with analysts' projected $1.93 a share and $4.45 billion
in revenue.
INVENTORY: Inventory was $1.86 billion, down from $2.07 billion
a year earlier.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
October 26, 2021 16:24 ET (20:24 GMT)
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