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Monday, October 21, 2002 4:38:10 PM
Reuters
Texas Instruments posts 3rd-qtr profit, revs rise
Monday October 21, 4:36 pm ET
DALLAS, Oct 21 (Reuters) - Texas Instruments Inc. (NYSE:TXN - News) on Monday reported a third-quarter profit versus a year-ago loss that was in line with expectations and its own forecast as revenue at the world's No. 1 maker of semiconductors for cellular phones rose 22 percent.
Dallas-based Texas Instruments said it had net income of $188 million, or 11 cents a share, compared with a year-ago net loss of $117 million, or 7 cents. Revenue rose to $2.25 billion from $1.85 billion.
Excluding certain nonstandard items, Texas Instruments said it had a profit of 9 cents. On that basis, analysts had expected a per-share profit of 10 cents, within a range of 9 cents to 11 cents, on revenue of $2.27 billion, according to Thomson First Call.
http://biz.yahoo.com/rc/021021/tech_texasinstruments_earns_1.html
Texas Instruments posts 3rd-qtr profit, revs rise
Monday October 21, 4:36 pm ET
DALLAS, Oct 21 (Reuters) - Texas Instruments Inc. (NYSE:TXN - News) on Monday reported a third-quarter profit versus a year-ago loss that was in line with expectations and its own forecast as revenue at the world's No. 1 maker of semiconductors for cellular phones rose 22 percent.
Dallas-based Texas Instruments said it had net income of $188 million, or 11 cents a share, compared with a year-ago net loss of $117 million, or 7 cents. Revenue rose to $2.25 billion from $1.85 billion.
Excluding certain nonstandard items, Texas Instruments said it had a profit of 9 cents. On that basis, analysts had expected a per-share profit of 10 cents, within a range of 9 cents to 11 cents, on revenue of $2.27 billion, according to Thomson First Call.
http://biz.yahoo.com/rc/021021/tech_texasinstruments_earns_1.html
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