Tuesday, April 19, 2005
TI reported a slightly larger profit for its fiscal first quarter, as lower manufacturing and operating expenses offset a sequential decline in revenue.
Dallas-based TI reported a net profit of $411 million, or 24 cents per share, compared with a year-earlier profit of $367 million, or 21 cents per share. Revenue rose to $2.97 billion from $2.94 billion a year earlier.
Analysts had expected earnings per share of 23 cents on revenue of $2.99 billion in the quarter.
For the current quarter, TI forecast earnings per share of 25 cents to 29 cents on revenue of $3 billion to $3.24 billion. Analysts had expected earnings per share of 26 cents on revenue of $3.18 billion.
By: DocMemory
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