TXN Texas Instruments Incorporated

By Maria Armental

Texas Instruments Inc. reported better-than-expected first-quarter results, driven by strong demand in industrial, automotive and personal electronics.

Net income rose to $1.75 billion from $1.17 billion a year earlier. On a per-share basis, profit was $1.87. Texas Instruments projected earnings of $1.44 to $1.66 a share, and analysts surveyed by FactSet expected $1.58 a share.

Revenue rose to $4.29 billion from $3.33 billion. Texas Instruments had projected $3.79 billion to $4.11 billion, while analysts expected $4 billion in revenue.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

April 27, 2021 16:21 ET (20:21 GMT)

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