Texas Instruments Inc. (NASDAQ: TXN) today announced its second quarter financial results for the period ended June 30, 2020.
Net income for the second quarter was $1.38 billion, or $1.48 per share, compared to net income of $1.30 billion, or $1.36 per share in the second quarter of 2019.
Net sales decreased 12% to $3.24 billion, driven primarily by weakness in the automotive market.
Following the earnings announcement, TXN shares up nearly 3% in after hours trading
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