TI beats quarterly profit estimates as chip demand turns steady


A Texas Instruments Office is shown in San Diego, California, U.S., April 24, 2018. REUTERS/Mike Blake/file photo

(Reuters) -Texas Instruments beat analysts' estimates for second-quarter profit on Tuesday, as demand for analog chips from markets such as personal electronics stabilized following a years-long glut fueled by stockpiling during the pandemic.

Shares of the company were up 4% in extended trading, set to add to the about 16% year-to-date gain.

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