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Texas Instruments' Earnings Jump, Revenue Slips

Texas Instruments Inc. reported a jump in earnings despite a small drop in sales for the third quarter. For the period ended Sept. 30, TI reported net income of $784 million, or 67 cents per share, compared to net income of $601 million, or 51 cents a share, for the same period last year. The results included a charge of 7 cents a share related to the company's acquisition of National Semiconductor, and a benefit of 22 cents a share "for changes in taxes and a Japanese pension program that were not included in the company's outlook." Revenue slipped 2% to $3.39 billion. Analysts were expecting earnings of 26 cents a share on revenue of $3.3 billion, according to consensus estimates from FactSet.Copyright © 2012 MarketWatch, Inc....

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