By Yasin Ebrahim
Investing.com - Texas Instruments (NASDAQ:TXN) reported Tuesday mixed third-quarter results as revenue fell short of expectations as supply-chain disruption continued to weigh on chip output.
Texas Instruments was down nearly 5% in afterhours following the report.
Texas Instruments announced earnings per share of $2.07 on revenue of $4.64 billion. Analysts polled by Investing.com anticipated EPS of $2.05 on revenue of $4.66 billion.
Analog revenue, which makes up the bulk of overall revenue, climbed 24%, while embedded processing gained 13%
Looking ahead fo Q4, the company forecasts revenue in the range of $4.22 billion to $4.58 billion and earnings per share between $1.83 and $2.07. That compared with expectations for EPS of $1.96 and revenue of $4.48 billion.
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