Texas Instruments Stock Jumps As Chipmaker Beats Views

Chipmaker Texas Instruments (TXN) late Tuesday reported earnings per share of $1.35 on sales of $3.79 billion in the first quarter, compared with 97 cents and $3.40 billion in the year-earlier period. Analysts expected TI to earn $1.11 a share on sales of $3.65 billion, according to Zacks Investment Research.

Texas Instruments stock rose 2.6% in after-hours trading on the stock market today. During the regular session, TI shares inched up 0.3% to 98.42.

TI stock has formed a flat base with a...

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