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 14% from the beginning of the year and are trading at $166.01 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 15.21% from the start of the year.
Texas Instruments shares gained 3.21% in after-hours trade 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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