Texas Instruments Inc. Q3 Profit Falls, but beats estimates

(RTTNews) - Texas Instruments Inc. (TXN) released earnings for third quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $1.71 billion, or $1.85 per share. This compares with $2.30 billion, or $2.47 per share, in last year's third quarter.

Analysts on average had expected the company to earn $1.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 13.5% to $4.53 billion from $5.24 billion last year.

Texas Instruments Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $1.71 Bln. vs. $2.30 Bln. last year. -EPS (Q3): $1.85 vs. $2.47 last year. -Analyst Estimates: $1.81 -Revenue (Q3): $4.53 Bln vs. $5.24 Bln last year.

-Guidance: Next quarter EPS guidance: $1.35 - $1.57 Next quarter revenue guidance: $3.93 - $4.27 Bln