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DALLAS (AP) – Texas Instruments Inc. has reported a third-quarter profit of $798 million.

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The Dallas-based company said Wednesday that it had a pre-share profit of 76 cents.

TI’s results exceeded Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

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The chipmaker posted revenue of $3.43 billion in the period, which also beat Street forecasts. Fourteen analysts surveyed by Zacks expected $3.28 billion.

For the current quarter ending in December, Texas Instruments said it expects revenue in the range of $3.07 billion to $3.33 billion. Analysts surveyed by Zacks had expected revenue of $3.12 billion.

Texas Instruments shares have fallen almost 3 percent since the beginning of the year. The Standard & Poor’s 500 index has dropped roughly 2 percent.

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