) --

Texas Instruments

(AAPL) - Get Report

nailed its second quarter numbers, but failed to beat the mark investors were looking for.

The communications chip maker posted an adjusted profit of 62 cents, up from the 20-cent earnings level in the year-ago quarter and in line with an analysts' estimates tally by Yahoo! Finance.

Sales for the second quarter ended last month were $3.5 billion, up 43% from the $2.46 billion revenue booked for the same period last year. Analysts were looking for sales of $3.52 billion.

Looking ahead, Texas Instruments guided in line with analyst estimates. The company says it expects third quarter sales in a range between $3.55 billion and $3.85 billion. Analysts are looking for $3.59 billion for the September quarter.

"Orders were strong in the quarter, backlog increased and we expect to grow revenue again in the third quarter," the company said in a press release Monday.

Texas Instruments has had a hand in the red-hot phone market as its 1-gigahertz processor powers the



Droid X



(VZ) - Get Report


TI shares, which closed up 3% at $25.55 on pre-earnings optimism, fell 5% in post-close trading after reporting lackluster results.

--Written by Scott Moritz in New York.