Shares of Global semiconductor company Texas Instruments Inc. (TXN) lost 3.6% in the extended trading session on Tuesday after its third-quarter revenues fell just short of the Street’s estimate. Headquartered in Dallas, Texas Instruments designs and produces semiconductors and different types of integrated circuits. The company also develops analog chips and embedded processors. Earnings per share (EPS) jumped 43% year-over-year to $2.07, slightly above analysts’ expectations of $2.05. Driven by strong demand in industrial, automotive and personal electronics, revenues grew 22% to $4.64 billion but missed the Street’s estimate of $4.66 billion. Analog revenue grew 24% year-over-year to $3.
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Texas Instruments (NASDAQ:TXN)
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