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Article: TI Reports 3Q03 Financial Results; - TI Revenue Increases 8% Sequentially, 13% from Year Ago - Gross Profit Up 18% Sequentially, 23% from Year Ago - EPS of $0.25, Including Contribution from Micron Stock Sale and Impact of Restructuring and Acquisition Charges - Semiconductor Revenue Increases 10% Sequentially, 16% from Year Ago - Semiconductor Orders Up 21% Sequentially, 29% from Year Ago.
- Article from:
- PR Newswire
- Article date:
- October 20, 2003
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Texas Instruments Incorporated today reported financial results that reflect strengthened conditions across its semiconductor markets in the third quarter. TI's total revenue of $2533 million increased 8 percent sequentially and 13 percent from the year-ago quarter due to growth in Semiconductor. Earnings per share (EPS) were $0.25 in the quarter, including a contribution from the sale of Micron Technology, Inc. common stock and the impact of charges for restructuring and an acquisition.
Semiconductor segment revenue increased 10 percent sequentially due to higher shipments of DSP products into the wireless and digital consumer electronics markets, as well as ...