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 $2.45 on revenue of $5.21B. Analysts polled by Investing.com anticipated EPS of $2.13 on revenue of $4.65B.
Texas Instruments shares are down 25% from the beginning of the year and are trading at $166.49 , down-from-52-week-high.They are outperforming the Nasdaq which is down 26.09% from the start of the year.
Texas Instruments shares gained 3.51% in after-hours trade after the report.
Texas Instruments follows other major Information Technology sector earnings this month
Texas Instruments's report follows an earnings missed by Microsoft on Tuesday, who reported EPS of $2.23 on revenue of $51.87B, compared to forecasts EPS of $2.29 on revenue of $52.43B.
Visa A had beat expectations on Tuesday with third quarter EPS of $1.98 on revenue of $7.28B, compared to forecast for EPS of $1.74 on revenue of $7.06B.
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