By Emon Reiser

Texas Instruments reported lower revenue and profit as industrial weakness broadened and automotive growth continued.

The chip maker posted net income of $1.71 billion, or $1.85 a share, for the quarter ended Sept. 30, down from $2.3 billion, or $2.47 a share, a year earlier. Analysts polled by FactSet expected $1.76 a share.

Net sales fell to $4.53 billion from $5.24 billion a year ago. Analysts polled by FactSet had expected $4.58 billion.

"Our cash flow from operations of $6.5 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300-mm production," said Chief Executive Haviv Ilan said.

Write to Emon Reiser at emon.reiser@wsj.com

(END) Dow Jones Newswires

October 24, 2023 16:27 ET (20:27 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Texas Instruments (NASDAQ:TXN)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024 Click aqui para mais gráficos Texas Instruments.
Texas Instruments (NASDAQ:TXN)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024 Click aqui para mais gráficos Texas Instruments.