Texas Instruments post improved profits

Texas Instruments is one of the largest maker of mobile chips in the world. They have just come out with their latest revenue report and the company has posted improved earnings which rose 11 percent.

TI gained from improved demand of analog chips. They also gained from the lower manufacturing costs which nullified the drop in the revenues.

TI posted in its report that they earned $776 million, or 54 cents per share in the quarter. This is up from $702 million, or 46 cents per share in the same period last year.

The revenues were however down at $3.66 billion from $3.76 billion a year ago. However the company was able to match the expectations of the market.

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