Sunday, July 22, 2007

TI Reports Q2 Revenue of $3.42 Billion

Texas Instruments reported Q2 revenue of $3.42 billion, up 7 percent compared with the prior quarter as demand for the company's semiconductor products began to rebound following an inventory correction in the semiconductor market, but down 7 percent compared to a year earlier.
Earnings per share (EPS) were $0.42. This was a $0.07, or 20 percent, increase from the prior quarter and a $0.05 decrease from the year-ago quarter.