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Texas Instruments reports higher quarter profit

Texas Instruments Inc. on Wednesday reported slightly higher profit for the first three months of the year, even as sales fell in its personal-electronics segment.

The Dallas-based chip maker had already warned first-quarter revenue would decline on weakness in the personal-electronics market, which includes mobile phones and so-called wearables that integrate technology into jewelry and clothes.

Shares, up 8% over the past 12 months, rose 1.5%, to $60.80, in after-hours trading.

Founded in 1930 as Geophysical Service Inc., the company initially focused on reflection seismography, which...