Texas Instruments Revenue, Income Falls Despite Auto Growth
24 Outubro 2023 - 5:42PM
Dow Jones News
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.
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