Texas Instruments Inc. earned $72 million in...
Texas Instruments Inc. earned $72 million in the second quarter, marking the second three-month period of profitability after six straight quarters of losses.
The company attributed the improvement to cost reductions and operating improvements. Semiconductor orders, TI’s biggest business, also reached an all-time high in the quarter, the company said.
The company’s profit in the three months ended June 30 equaled 73 cents a share. Texas Instruments lost $157 million, or $1.99 a share, in the second quarter of 1991.
Revenue was $1.87 billion, up 11% from $1.69 billion a year ago.
Its profit from operations was $128 million, compared to a loss from operations of $111 million a year ago.
The Dallas-based company develops, manufactures and markets semiconductors, defense electronics systems and other technology products.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
