Texas Instruments Inc. said Tuesday that its...
From Times Wire Services
Texas Instruments Inc. said Tuesday that its first-quarter earnings jumped 72%, mostly because of higher semiconductor profit and sales.
The company said it earned $230 million, or $2.41 per share, for the quarter ended March 31. That includes a $36-million adjustment in royalty accruals, which was nearly offset by cost-reduction charges.
It earned $134 million, or $1.41 per share, in the first quarter of 1994, including restructuring and divestiture charges of $132 million and $69 million in one-time royalties.
