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Texas Instruments' Profit Jumps

Stock quotes in this article: TXN , INTC , AMD , NOK  

Updated from 5:12 p.m. EDT

Brisk worldwide demand for cell phones boosted profit at Texas Instruments(TXN Quote) by 57% in the first quarter.

The Dallas chipmaker's financial results for the three months ended March 31 came in ahead of analysts expectations and at the high end of its own estimates. And the company's outlook for the current quarter suggested that business was not showing any signs of slowing down.

"Demand was strong, and we expect it to continue," said CEO Rich Templeton in a statement. ...

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