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Texas Instruments quarterly revenue beats on automotive demand

Shares of the company were marginally lower in after hours trading on Tuesday.Analysts on average were expecting van cleef alhambra ring fake a profit of 75 cents per share and revenue of $3.21 billion, according to Thomson Reuters I/B/E/S."From all accounts, the automotive industry at the end of the year was robust and Texas Instruments' numbers seem to reflect that," Loop Capital analyst Betsy Van Hees said.The company also named Brian Crutcher, who joined the company in Van Cleef & Arpels jewelry fake 1996, as its chief operating officer. Crutcher will oversee Texas Instruments' global technology and manufacturing operations in addition to its sales operations.The Dallas based company's analog chips are used to gauge changes in sound and temperature, while its embedded chip unit manufactures microcontrollers used in Internet of Things and personal devices.Sensors used in factories, cars, shops and offices to help them operate more smartly on the industrial internet or so called Internet of Things is a rapidly growing market.Texas Instruments, often considered a barometer for the semiconductor industry, said revenue from its analog unit rose 10.5 percent to $2.29 billion. The business accounts for more than two thirds of its total revenue.The company's net income rose to $1.05 billion, or $1.02 per fake VCA ring price share, in the fourth quarter ended Dec. 31, from $836 million, or 80 cents per share, a year earlier.

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