| TI strong third quarter results, to benefit from the automotive and industrial equipment market |
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| October 27th, the world's largest analog chip maker TI announced in the third quarter revenue and profit data exceeded analysts' expectations. Strong demand for automotive and industrial equipment chips. However, the company's current quarter revenue forecast below analysts' average expectations. TI announced on Wednesday, the fourth quarter net profit is expected to be 76 to 86 cents per share, revenue is expected to be 3 billion 170 million to $3 billion 430 million. Bloomberg statistics analysts on average expected net profit of 79 cents per share, revenue of $3 billion 300 million. TI's third quarter net profit of $968 million, or 94 cents per share, while the same period last year was $76, or 798 million cents per share. Third quarter revenue grew 7% to $3 billion 700 million. |
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