Investing.com - Texas Instruments (NASDAQ:TXN) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.22 on revenue of $3.59B. Analysts polled by Investing.com forecast EPS of $1.13 on revenue of $3.48B. That compared to EPS of $1.35 on revenue of $3.79B in the same period a year earlier. The company had reported EPS of $1.27 on revenue of $3.72B in the previous quarter.
Texas Instruments shares gained 4.02% to trade at $121.06 in after-hours trade following the report.
For the year, Texas Instruments shares are up 23.15%, outperforming the S&P Global (NYSE:SPGI) 100 which is up 15.48% year to date.
Texas Instruments follows other major Technology sector earnings this month
On Wednesday, April 17, 2019, Taiwan Semiconductor reported first quarter EPS of $0.38 on revenue of $7.09B, compared to forecasts of EPS of $0.4 on revenue of $7.14B.
IBM earnings beat analyst's expectations on Tuesday, April 16, 2019, with first quarter EPS of $2.25 on revenue of $18.18B. Investing.com analysts expected EPS of $2.22 on revenue of $18.47B
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