Texas Instruments Inc. Q1 Profit Advances 28%

(RTTNews) - Texas Instruments Inc. (TXN) released earnings for its first quarter that gained ground from last year.

The company said its bottom line climbed to $1.25 billion, or $0.97 per share. This was up from $0.98 billion, or $0.69 per share, in last year's first quarter.

The company said revenue for the quarter rose 13.0% to $3.40 billion. This was up from $3.01 billion last year.

Texas Instruments Inc. earnings at a glance:

-Earnings (Q1): $1.25 Bln. vs. $0.98 Bln. last year. -Earnings Growth (Y-o-Y): 27.6% -EPS (Q1): $0.97 vs. $0.69 last year. -EPS Growth (Y-o-Y): 40.6% -Revenue (Q1): $3.40 Bln vs. $3.01 Bln last year. -Revenue Change (Y-o-Y): 13.0%

-Guidance: Next quarter EPS guidance: $0.89 - $1.01 Next quarter revenue guidance: $3.40 - $3.70 Bln