US Stock Market Move | Q2 performance guidance beats expectations, Texas Instruments Incorporated (TXN.US) rises over 7%

On Thursday, Texas Instruments Incorporated (TXN.US) rose over 7%, reaching $162.89. On the news front, the company announced better-than-expected second quarter performance guidance, driven by improved demand for industrial and automotive components. In a statement on Wednesday, the company said that second quarter revenue is expected to reach $41.7 billion to $45.3 billion, exceeding Wall Street's average expectation of $41.2 billion; second quarter earnings per share are expected to be $1.21-1.47, compared to the expected $1.21.