Texas Instruments Inc. Reveals 2% Increase In Q1 Bottom Line

(RTTNews) - Texas Instruments Inc. (TXN) revealed earnings for its first quarter that advanced from last year.

The company said its bottom line totaled $668 million, or $0.65 per share. This was up from $656 million, or $0.61 per share, in last year's first quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.4% to $3.01 billion. This was down from $3.15 billion last year.

Texas Instruments Inc. earnings at a glance:

-Earnings (Q1): $668 Mln. vs. $656 Mln. last year. -Earnings Growth (Y-o-Y): 1.8% -EPS (Q1): $0.65 vs. $0.61 last year. -EPS Growth (Y-o-Y): 6.6% -Analysts Estimate: $0.62 -Revenue (Q1): $3.01 Bln vs. $3.15 Bln last year. -Revenue Change (Y-o-Y): -4.4%

-Guidance: Next quarter EPS guidance: $0.67 - $0.77 Next quarter revenue guidance: $3.07-$3.33 Bln