TI reports weak third quarter
Business news
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By
Peter Clarke
Rich Templeton, CEO of TI, said the fall was due to weakness in most markets. The net income on the quarter was still $1.425 billion, compared with $1.57 billion a year before.
Templeton broke the results down further saying that analog revenue declined 8 percent while embedded processing declined 19 percent from the same quarter a year before.
The fourth quarter outlook was given as $3.07 billion to $3.33 billion. At the mid-point that would take TI’s revenue for the year to $14.23 billion, down 9.8 percent on the $15.78 billion recorded in 2018.
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