Texas Instruments (TXN, Financial) saw its shares rise over 3.2% in pre-market trading, reaching $200.25. The company reported a third-quarter revenue decline of 8.4% to $4.15 billion, which marks the smallest decline in seven quarters and surpassed analysts' expectations of $4.12 billion. Earnings per share came in at $1.47, exceeding the market forecast of $1.37.
The positive results were driven by improved orders from smartphone and PC suppliers. Additionally, the company's revenue from the automotive market achieved single-digit growth compared to the previous quarter.
