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| $TXN |
Stock exchange: symbol NASDAQ: TXN
Domain: ti.com
Investor Relations ti.com/ir or investor.ti.com
Q2 2018 Earnings Release here, excerpt below:
"Texas Instruments Incorporated (TI) (NASDAQ: TXN) reported second-quarter revenue of $4.02 billion, net income of $1.41 billion and earnings per share of $1.40. Earnings per share include a 3 cent discrete tax benefit not in the company's original guidance. Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:
- "Revenue increased 9 percent from the same quarter a year ago. Demand for our Analog and Embedded Processing products continued to be strong in the industrial and automotive markets.
- "Our cash flow from operations of $6.6 billion for the trailing 12 months again underscored the strength of our business model. Free cash flow for the trailing 12 months was $5.7 billion, or 36.6 percent of revenue. This reflects the quality of our product portfolio, as well as the efficiency of our manufacturing strategy, including the benefit of 300-millimeter Analog production.
- "We have returned $5.6 billion to owners in the past 12 months through stock repurchases and dividends, and our strategy to return to owners all of our free cash flow remains consistent. Over the last 12 months, our dividends represented 41 percent of free cash flow, emphasizing their sustainability.
- "TI's third-quarter outlook is for revenue in the range of $4.11 billion to $4.45 billion, and earnings per share between $1.41 and $1.63, which includes an estimated $10 million discrete tax benefit. We continue to expect our ongoing annual operating tax rate to be about 20 percent in 2018 and 16 percent starting in 2019."
LIVE webcast of the second-quarter 2018 earnings conference call: Tuesday, July 24, at 4:30 p.m. EDT. Rafael Lizardi, senior vice president and chief financial officer, and Dave Pahl, vice president and head of Investor Relations, will discuss TI's financial results and answer questions from the investor audience. Access the audio webcast on the Investor Relations section of the company's website at the link above or at www.ti.com/ir. An archived copy of the webcast will be available shortly after the call concludes.
Texas Instruments Inc. is a U.S. based technology company that designs and manufactures semiconductors and various integrated circuits, which it sells to electronics designers and manufacturers globally.
See also: Texas Instruments: Reasons To Buy On The News | SeekingAlpha.com
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