TI sees another revenue decline in Q2

Texas Instruments late Monday reported a weaker second-quarter profit on lower demand for its chips used in cell phones and other electronics. The results were in line with Wall Street’s forecast. TI said net income was $610, or 42 cents a share. In last year’s same period, the company earned $2.39 billion, or $1.50 a share, which included a favorable sales tax refund and royalty settlement.

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