05:06 AM EDT, 10/23/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Texas Instruments ( TXN ) shares were up 3.8% in premarket activity Wednesday after the company reported overnight Q3 earnings and revenue that beat market expectations.

The company reported Q3 earnings late Tuesday of $1.47 per diluted share, down from $1.85 a year earlier.

Analysts polled by Capital IQ expected $1.37.

Revenue in the three months ended Sept. 30 fell to $4.15 billion from $4.53 billion a year earlier. Analysts surveyed by Capital IQ expected $4.12 billion.

The company expects Q4 EPS of $1.07 to $1.29 on revenue of $3.7 billion to $4 billion. Analysts polled by Capital IQ expect EPS of $1.35 on revenue of $4.08 billion.

Price: 201.39, Change: +7.42, Percent Change: +3.83