SAN FRANCISCO – Texas Instruments Inc. on Monday reported a third-quarter profit of $629 million, or 56 cents a share, compared with a profit of $784 million, or 67 cents a share, for the year-earlier period. Revenue slipped to $3.24 billion from $3.39 billion. Analysts polled by FactSet on average were expecting the chip company to report a profit of 53 cents a share, on revenue of $3.23 billion. For the current quarter, the company said it expects revenue in the range of $2.86 billion to $3.10 billion, and earnings in the range of 42 cents to 50 cents a share. Analysts were expecting a profit of 51 cents a share on revenue of $3.11 billion. Shares of TI were down about 3% after hours.
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