Texas Instruments Inc. (NASDAQ:TXN) reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates on Wednesday.
Texas Instruments reported first-quarter revenue of $4.83 billion, beating analyst estimates of $4.53 billion. The company reported first-quarter earnings of $1.68 per share, beating analyst estimates of $1.37 per share, according to Benzinga Pro.
Texas Instruments expects second-quarter revenue to be in the range of $5 billion to $5.40 billion, versus estimates of $4.86 billion. The company anticipates second-quarter earnings of $1.77 to $2.05 per share versus estimates of $1.57 per share.
“Our cash flow from operations of $7.8 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production,” …