TI Reports Financial Results for Third Quarter 2010
Texas Instruments Inc. (TI) announced third-quarter revenue of $3.74 billion, net income of $859 million and earnings per share of 71 cents.
"Our strong performance was driven by growth in all of our segments," said Rich Templeton, TI chairman, President and Chief Executive Officer. "TI’s continuing transformation to a company focused on Analog and Embedded Processing delivered new highs for both gross and operating margins. Strong earnings per share demonstrate the combined impact of solid profits and our diligence to return excess capital to our shareholders through stock repurchases.