Texas Instruments sees higher-than-expected profit driven by vehicle demand.

(Reuters)- Texas Instruments, whose CEO Brian Crutcher resigned last week, reported higher-than-expected third-quarter profit and revenue, driven by demand for semiconductors aimed at vehicles and industrial equipment.

The American chip manufacturer has benefited in recent years from the demand generated by autonomous vehicle technologies.

The automotive market contributed 19 percent of the company's revenue in 2017, while the industrial sector accounted for 35 percent of turnover.

Texas Instruments expects revenue of $4,11 billion to $4,45 billion and earnings of $1,41 to $1,63 per share in the third quarter.

Analysts, on average, expect revenue of $4,27 billion and earnings of $1,48 per share, according to Thomson Reuters I/B/E/S data.

In the second quarter, the company had a net profit of $1,41 billion, or $1,40 per share, compared to $1,06 billion, or $1,03 per share, in the same period of 2017.

Revenue for the period was $4,02 billion, compared to $3,97 billion in the second quarter of last year.