The report sent Texas Instrument shares down almost 4% in late trading. CEO Rich Templeton remarked that the company’s sales growth included 42% growth in sales of analog chips, and 43% growth in sales of embedded chips, such as microcontrollers. Revenue in the three months ended in June rose 41%, year over year, and 7%, quarter to quarter, to $4.58 billion, yielding a net profit of $2.05 per share. Analysts had been modeling $4.36 billion and $1.83 per share. Despite the upside in the quarter, the amount of positive surprise relative to Wall Street’s expectations has narrowed. The top line beat on revenue of 5% is below the average of 8.5% the last six quarters. The twelve percent beat on the bottom line is below the average beat of 28% of the last six quarters. For the current quarter, the company sees revenue of $4.4 billion to $4.76 billion, and EPS in a range of $1.87 to $2.13 per share. That compares to consensus for $4.6 billion and $1.97 per share.
