TXN
DALLAS (AP) — DALLAS (AP) — Texas Instruments Inc. (TXN) on Thursday reported fourth-quarter profit of $1.21 billion.
On a per-share basis, the Dallas-based company said it had profit of $1.30.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The chipmaker posted revenue of $4.01 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $3.86 billion.
For the current quarter ending in March, Texas Instruments said it expects revenue in the range of $3.74 billion to $4.06 billion.
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