Chipmaker Texas Instruments Quarterly Revenues Beat Reuters Estimates

© Reuters. FILE PHOTO: The Texas Instruments office is shown in San Diego, California, U.S., April 24, 2018. REUTERS / Mike Blake

(Reuters) – Chipmaker Texas Instruments (NASDAQ:) Inc beat Wall Street expectations for first-quarter revenue on Tuesday thanks to steady demand in the industrial and auto sectors.

Total revenue for the quarter was $4.91 billion versus $4.29 billion a year earlier. Analysts expect revenue of $4.74 billion, according to IBES data from Refinitiv.

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