(TXN - Get Report)
beat Wall Street's first-quarter forecasts.
The Dallas-based company posted first-quarter revenue of $2.89 billion, down from $3.12 billion in the same period last year but above Wall Street's forecast of $2.85 billion.
Texas Instruments earned 32 cents a share, up from 22 cents a share in the prior year's quarter. Analysts surveyed by Thomson Reuters were looking for earnings of 30 cents a share.
said first-quarter profit rose to $896 million, or $2.33 a share, from $806 million, or $2.02 a share, a year earlier.
The insurer also raised its quarterly dividend to 50 cents a share from 46 cents.
-- Written by Joseph Woelfel
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