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Technology Stocks : Semi Equipment Analysis
SOXX 306.28-1.0%4:00 PM EST

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From: Donald Wennerstrom1/24/2011 4:46:16 PM
1 Recommendation  Read Replies (1) of 95525
 
Texas Instruments reports 44% profit gain
4:38 PM ET 1/24/11

SAN FRANCISCO (MarketWatch) - Texas Instruments Inc. on Monday reported a fourth-quarter net income of $942 million, or 78 cents a share, compared with a profit of $655 million, or 52 cents a share, for the year-earlier period. Revenue was $3.53 billion, up from $3 billion. Analysts had expected the chip maker to report earnings of 63 cents a share, on revenue of $3.51 billion, according to a consensus survey by FactSet Research.

For the current quarter, TI expects revenue in the range of $3.27 billion to $3.55 billion, and earnings in the range of 54 cents a share to 62 cents a share.

At the moment, TXN down 2 percent in AH
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