Texas Instruments Inc. (TXN) reported second quarter earnings that were up 20.1% sequentially and 159.9% year over year, beating the Zacks Consensus estimate by 2 cents. The strong earnings growth was driven by healthy revenues (although just short of our estimate), a better mix of business, cost control and good execution. Despite the relatively strong performance, shares tumbled 5.28% after hours on concerns regarding the slowing of demand due to much weaker order growth. The company has been reporting very strong revenue growth over the past three quarters, indicative of share gains at the expense of its analog peers, particularly National Semiconductor Corp (NSM) and also, possibly Analog Devices, Inc. (ADI). Share gains should continue over the next few quarters as well, as operation of the RFAB starts lowering costs,
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