Comments for: TI profits drop 60%, shares rise on projections

Posted April 24, 2012, at 8:24 a.m.

DALLAS (AP) — Chipmaker Texas Instruments Inc. said Monday that its first-quarter net income fell 60 percent from a year ago as revenue shrank. But the results still beat analysts’ expectations and shares rose. Net income in the three months to March 31 came to $265 million, or 22 cents …

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