TXN
By Connor Hart
Texas Instruments said profit and revenue fell in the fourth quarter, though the declines were less than analysts had expected.
The Dallas-based chipmaker on Thursday reported a profit of $1.21 billion, compared with $1.37 billion a year earlier.
On a per-share basis, earnings came in at $1.30. Analysts had forecast $1.21, according to FactSet.
Revenue fell 2% to $4 billion and came in ahead of the $3.88 billion that analysts surveyed by FactSet were expecting.
Sales across the company's analog unit grew 2% to $3.17 billion, though this gain was offset by its embedded processing segment, where sales fell 18% to $613 million. Other revenue increased 7% to $220 million.
For the current quarter, Texas Instruments guided for per-share earnings between 94 cents and $1.16, as well as revenue between $3.74 billion and $4.06 billion. Analysts polled by FactSet are expecting earnings of $1.17 a share on revenue of $3.85 billion.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
01-23-25 1632ET