Texas Instruments Inc. shares fell in the extended session Tuesday after the chip maker’s outlook overshadowed its earnings beat.
The company reported second-quarter net income of $1.72 billion, or $1.87 a share, compared with $2.29... Texas Instruments Inc. shares fell in the extended session Tuesday after the chip maker’s outlook overshadowed its earnings beat. The company reported second-quarter net income of $1.72 billion, or $1.87 a share, compared with $2.29 billion, or $2.45 a share, in the year-ago period. Revenue declined to $4.53 billion from $5.21 billion in the year-ago period, as analog revenue fell 18% to $3.28 billion and embedded revenue rose 9% to $894 million.Analysts had forecast sales of analog electronics, which convert real-world data such as sound or temperature into digital data, to fall to $3.
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