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Actionable news in TXN: Texas Instruments Incorporated,

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...


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