Investing.com - Texas Instruments (NASDAQ:TXN) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Texas Instruments announced earnings per share of $2.45 on revenue of $5.24. Analysts polled by Investing.com anticipated EPS of $2.39 on revenue of $5.14B.
Texas Instruments shares are down 13% from the beginning of the year and are trading at $155.00 , down-from-52-week-high.
Texas Instruments shares lost 4.42% in after-hours trade the report.
Texas Instruments follows other major Information Technology sector earnings this month
Texas Instruments's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Taiwan Semiconductor had beat expectations on October 13 with third quarter EPS of $1.79 on revenue of $20.23B, compared to forecast for EPS of $1.65 on revenue of $19.44B.
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