April 23, 2019
(Reuters) – Chipmaker Texas Instruments reported better-than-expected first-quarter revenue on Tuesday, sending its shares up 5 percent after the bell.
Revenue at the company, often seen as a bellwether for a semiconductor industry facing signs of a global downturn, fell 5.1 percent to $3.59 billion.
Analysts were expecting the chipmaker to report revenue of $3.48 billion, according to IBES data from Refinitiv.
Its net income fell to $1.22 billion, or $1.26 per share, during the first three months of the year, from $1.37 billion or $1.35 a share a year earlier.
(Reporting by Sayanti Chakraborty and Shariq Khan in Bengaluru; Editing by Arun Koyyur)