Texas Instruments Q3 Profit Down 20% - Quick Facts

(RTTNews) - Texas Instruments Inc. (TXN) Monday reported third-quarter profit of $629 million or $0.56 per share, down from $784 million or $0.67 per share in the comparable quarter last year.

On average, 30 analysts polled by Thomson Reuters expected the company to earn $0.53 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues dropped 4 percent to $3.24 billion from $3.39 billion last year. Analysts expected revenues of $3.23 billion.

Looking ahead to the fourth quarter, the company has forecast earnings in the range of $0.42 to $0.50 per share, with revenues ranging between $2.86 billion and $3.10 billion. Analysts currently expect the company to earn $0.51 per share on fourth-quarter revenues of $3.12 billion.