Texas Instruments posted a jump in its quarterly profit and said it planned to boost its dividends.

Net income for the second quarter grew to $628 million, or 38 cents per diluted share, compared with the year-earlier quarter's profit of $441 million, or 25 cents.

Revenue was flat compared with a year ago at $3.24 billion, but it was up 9 percent compared with the first quarter.

Analysts had forecast revenue of about $3.19 billion. Forecasts were in a range of $3.15 billion and $3.27 billion.

By: DocMemory
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