Texas Instruments Rises on Q2 Earnings Results

Shares of Texas Instruments TXN are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 0.67%, trading at $31.68; they ended they regular session lower by 0.98%, at $31.47. Texas Instruments reported Q2 EPS of $0.56 on revenues of $3.46 billion; the Street was looking for $0.54 per share on revenues of $3.43 billion. Revenues decreased 1.1% year over year. "We are pleased with the continued success of the TI portfolio in Analog and Embedded Processing. Sequential revenue growth was driven by Embedded Processing up 12 percent and Analog up 3 percent, and we believe we again gained market share in both segments," said Rich Templeton, TI's chairman, president and chief executive officer. "In the quarter, we also resumed production ahead of schedule at our Japan factories that were damaged in the earthquake, thanks to excellent work by our teams on the ground.” Texas Instruments Incorporated is engaged in the designing and making of semiconductors that it sells to electronics designers and manufacturers worldwide. In addition, it sells calculators and related products.