© Reuters. TEXAS INSTRUMENTS PROVIDES A CA AND AN INCOME HIGHER THAN THE CONSENSUS IN THE THIRD QUARTER
(Reuters) – Texas Instruments, including general manager Brian Crutcher resigned here a week, expects earnings and revenue better than expected in the third quarter thanks to growth in the sales of semiconductors used in cars and industrial machines.
The specialist of semiconductor and draws advantage from the conquest to the autonomous car which can be engaged by automobile manufacturers and other large technology companies.
The automotive market represented 19% of the turnover of IT in 2017 and the industrial sector 35%.
IT projects a CA between 4.11 to 4.45 billion in the third quarter and an earnings per share of 1.41 to 1.63 dollar, while the consensus Thomson Reuters I/B/E/S gives a CA 4.27 billion and EPS of us $ 1.48.
The net profit was 1.41 billion, or $ 1.40 per share, in the second quarter against 1.06 billion (1.03 per share) a year earlier.
IT had announced in advance his CA in the second quarter Tuesday, to 4.02 billion dollars, more than the consensus that gave it to 3.97 billion.
(Sonam Rai; Wilfrid Exbrayat for the French service)