Texas Instruments Books 2Q Revenue Miss

EarningsReuters

Texas Instruments Inc reported a 1.8 percent fall in quarterly revenue, hurt by weak demand for its chips for communications equipment.

The company's revenue fell to $3.23 billion in the second quarter, from $3.29 billion a year earlier.

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Texas Instruments said net income rose to $696 million, or 65 cents per share, in the quarter ended June 30, from $683 million, or 62 cents per share, last year.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Maju Samuel)

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