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Earnings Results: Texas Instruments comfortable with high chip inventory, claims it better serves broad customer base

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A previous version of this report incorrectly stated FactSet estimates for fourth-quarter earnings.

Texas Instruments Inc. shares were relatively placid in the extended session Tuesday following a low-ball beat and a tame outlook. The real attraction, however, was a first look into inventory management amid low demand for consumer electronics, and how sales broke down across categories.

As…

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