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Article: Texas Instruments 1Q Earnings Increase
- Article from:
- AP Online
- Article date:
- April 18, 2005
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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DAVID KOENIG, AP Business Writer
AP Online
04-18-2005
Dateline: DALLAS
Chip maker Texas Instruments Inc. said first-quarter profit rose 12 percent despite flat revenue and a slowdown in the semiconductor market.
The company said Monday it earned $411 million, or 24 cents per share, compared with $367 million, or 21 cents per share, a year earlier.
Analysts surveyed by Thomson Financial had forecast 23 cents per share.
Revenue edged up to $2.97 billion in the January-March period from $2.94 billion a year earlier. Analysts had expected slightly more, $2.99 billion.
Chief Executive Richard K. Templeton said higher utilization of the company's plants and lower costs helped Texas Instruments ...