April 23, 2019 / 8:17 PM / 5 months ago

Texas Instruments quarterly revenue beats estimates, shares up

April 23 (Reuters) - Chipmaker Texas Instruments reported better-than-expected first-quarter revenue on Tuesday, sending its shares up 5 percent after the bell.

Revenue at the company, often seen as a bellwether for a semiconductor industry facing signs of a global downturn, fell 5.1 percent to $3.59 billion.

Analysts were expecting the chipmaker to report revenue of $3.48 billion, according to IBES data from Refinitiv.

Its net income fell to $1.22 billion, or $1.26 per share, during the first three months of the year, from $1.37 billion or $1.35 a share a year earlier.

Reporting by Sayanti Chakraborty and Shariq Khan in Bengaluru; Editing by Arun Koyyur

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below