Texas Instruments quarterly revenue beats estimates


FILE PHOTO A Texas Instruments Office is shown in San Diego California U.S. April 24 2018.  REUTERSMike Blake

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

(Reuters) - Texas Instruments Inc reported better-than-expected quarterly revenue on Tuesday, thanks to strong demand for its chips used in personal electronic gadgets such as televisions and PCs.

Catering to a broad range of markets, TI's analog and embedded chips are used for everything from factory automation to personal computers and car infotainment systems, lowering the company's risk of heavy dependence on a few markets.

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