US Stock Market Move | Q2 performance guidance is strong, Texas Instruments Incorporated (TXN.US) surged nearly 15% to hit a new all-time high.

On Thursday, Texas Instruments Incorporated (TXN.US) opened with a nearly 15% surge, reaching a historical high and accumulating a 56% increase within the year. On the news front, Texas Instruments Incorporated announced strong first-quarter performance. The financial report shows that the company's first-quarter revenue increased by 19% year-on-year to $48.3 billion, surpassing analysts' average expectations of $45.2 billion; operating profit was $1.808 billion, up 37% year-on-year; net profit was $1.545 billion, up 31% year-on-year; earnings per share increased by 31% to $1.68, exceeding analysts' average expectation of $1.38. Benefiting from the surge in data center and industrial equipment spending, Texas Instruments Incorporated provided unexpectedly strong performance guidance. The analog chip giant expects second-quarter revenue to be between $5 billion and $5.4 billion, significantly better than analysts' average expectations of $4.85 billion; it forecasts second-quarter earnings per share to be between $1.77 and $2.05, also substantially better than analysts' average expectation of $1.57.