Texas Instruments Q3 Profit Rises to $2.43 Billion as Revenue Jumps 27.7%

Texas Instruments Inc. (TXN) reported third-quarter earnings of $2.425 billion, or $2.62 per share, up from $1.364 billion, or $1.48 per share, a year earlier, the chipmaker said. Revenue for the quarter rose 27.7% to $6.055 billion from $4.742 billion last year. For the next quarter, the company guided earnings per share of $2.45 to $2.79 and revenue of $5.80 billion to $6.30 billion.