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Texas Instruments: Fourth Quarter Earnings Report

DALLAS (AP) _ Texas Instruments Inc. (TXN) reported fourth-quarter earnings of $1.96 billion on Tuesday.

On a per-share basis, the Dallas-based company reported earnings of $2.13.

The results beat Wall Street’s expectations. The median estimate of 11 analysts polled by Zacks Investment Research was $1.96 per share.

The chip maker’s revenue for the period was $4.67 billion, which also beat Street’s forecasts. Ten analysts polled by Zacks expected $4.6 billion.

For the year, the company reported earnings of $8.75 billion, or $9.41 per share. Revenue was $20.03 billion.

For the current quarter ending in March, Texas Instruments said it expects revenue in the range of $4.17 billion to $4.53 billion. Analysts polled by Zacks had expected $4.82 billion in revenue.

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

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