Texas Instruments: 4Q Earnings Snapshot

·1 min read

DALLAS (AP) _ Texas Instruments Inc. (TXN) on Tuesday reported fourth-quarter earnings of $1.69 billion.

On a per-share basis, the Dallas-based company said it had profit of $1.80.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.

The chipmaker posted revenue of $4.08 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $3.62 billion.

For the year, the company reported profit of $5.6 billion, or $5.97 per share. Revenue was reported as $14.46 billion.

For the current quarter ending in April, Texas Instruments said it expects revenue in the range of $3.79 billion to $4.11 billion. Analysts surveyed by Zacks had expected revenue of $3.6 billion.

Texas Instruments shares have increased 4.5% since the beginning of the year, while the Standard & Poor's 500 index has increased 2.5%. In the final minutes of trading on Tuesday, shares hit $171.47, a rise of 36% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TXN at https://www.zacks.com/ap/TXN