NEW YORK-Texas Instruments Inc. said it enjoyed a net income of $447 million, or 25 cents a share, for the third quarter. This contrasts with the same period last year when it had income of $188 million, or 11 cents a share.
Its sales stood at $2.5 billion, which beat market expectation of $2.4 billion. In the same period last year, sales were $2.2 billion.
The company is bullish for the fourth quarter, expecting sales of $2.49 billion and between 14 cents and 19 cents per share.
