Texas Instruments reported second-quarter results that beat expectations with earnings per share at $1.41 and revenue at $4.45 billion. However, the stock fell in extended trading due to a third-quarter forecast missing estimates. Revenue increased by 16% to $3.82 billion, with net income rising by 15% to $1.3 billion. The company is a key supplier of legacy semiconductors for automotive and industrial uses. Texas Instruments shares were up 15% for the year.

Read more at CNBC: Texas Instruments (TXN) stock falls on weak forecast