DALLAS (AP) _ Texas Instruments Inc. (TXN) on Tuesday reported third-quarter net income of $2.3 billion.

The Dallas-based company said it had profit of $2.47 per share. Earnings, adjusted for non-recurring gains, came to $2.45 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.

The chipmaker posted revenue of $5.24 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $5.1 billion.

For the current quarter ending in December, Texas Instruments said it expects revenue in the range of $4.4 billion to $4.8 billion. Analysts surveyed by Zacks had expected revenue of $4.82 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TXN at https://www.zacks.com/ap/TXN

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