Investing.com - Texas Instruments (NASDAQ:TXN) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Texas Instruments announced earnings per share of $1.15 on revenue of $3.24B. Analysts polled by Investing.com anticipated EPS of $0.87 on revenue of $2.94B.
Texas Instruments shares are up 5% from the beginning of the year and are trading at $140.00 , down-from-52-week-high.They are outperforming the S&P Global (NYSE:SPGI) 100 which is up 3.23% from the start of the year.
Texas Instruments shares gained 3.29% in after-hours trade after the report.
Texas Instruments follows other major Technology sector earnings this month
Texas Instruments's report follows an earnings beat by Taiwan Semiconductor on Wednesday, July 15, 2020, who reported EPS of $0.79 on revenue of $10.55B, compared to forecasts EPS of $0.72 on revenue of $10.38B.
Accenture had beat expectations on Thursday, June 25, 2020 with third quarter EPS of $1.9 on revenue of $10.99B, compared to forecast for EPS of $1.86 on revenue of $10.72B.
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