Texas Instruments (TXN) Q1 Revenue Beats, Offers Q2 Guidance
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TI reports first quarter 2020 financial results and shareholder returns
April 21, 2020 4:01 PM EDTDALLAS, April 21, 2020 /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported first quarter revenue of $3.33 billion, net income of $1.17 billion and earnings per share of $1.24. Earnings per share include a 10-cent benefit for items that were not in the company's original guidance.
Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:
"Revenue decreased 7% from the same quarter a year ago. "In our core businesses, Analog revenue declined 2% and Embedded Processing declined 18% from... More