Updated Oct. 26, 2021 6:57 pm ET / Original Oct. 26, 2021 5:45 pm ET
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Texas Instruments shares fell in after-hours trading on Tuesday after the chipmaker posted third quarter financial results that were largely in line with Street expectations. The company also noted that it will be increasing its capital spending to boost capacity.
For the quarter, Texas Instruments (ticker: TXN) posted revenue of $4.6 billion, up 22% from a year earlier, and just a smidge below the Wall Street analyst consensus forecast of $4.6 billion. Profits were $2.07 a share, two cents above the Street consensus at $2.05...