The semi-conductor chip company Texas Instruments has exceeded Wall Street’s expectations in the past quarter despite the decline in its business. Sales fell by 16% year-on-year to $3.66 billion, Texas Instruments announced after the US stock exchange closed on Tuesday. Analysts had expected average revenues of $3.61 billion. Texas Instruments’ earnings per share of $1.20 also exceeded market expectations of $1.07. At the bottom line, profit fell by 35% to $1.1 billion. Texas Instruments is a major supplier of speciality chips. A recent slump in the automotive sector has slowed down business.