Looking at the numbers more closely, Texas Instruments, maker of chips for a broad array of products ranging from consumer electronics to industrial equipment, reported a profit of $298 million, or 25 cents per share, compared with $942 million, or 78 cents per share, in the year-ago quarter.
The news was particularly welcome considering Texas Instruments had warned on Dec. 8 that chip demand was weak. It forecast fourth-quarter earnings per share in a range of 21 cents and 25 cents on revenue of $3.19 billion to $3.33 billion.
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