Summary Box: TI’s 1Q profit jumps as its business improves broadly

Summary Box: TI’s 1Q profit jumps

PROFIT JUMPS: Texas Instruments Inc.’s first-quarter profit leaped to $658 million, or 52 cents per share, as results for all of its product lines improved. In the same period last year, TI earned $17 million, or a penny per share.

CELL PHONE HELP: The strong results come partly from greater demand for cell phone chips. Internet-connected “smart” phones need more powerful — and more profitable — chips than regular cell phones.

THE OUTLOOK: TI forecast profit of 56 cents to 64 cents per share for the current quarter. Analysts were expecting 53 cents.