Tue, Jan 24, 2023 3:55 PM
STATS Perform dba Automated Insights
DALLAS (AP) _ Texas Instruments Inc. (TXN) on Tuesday reported fourth-quarter earnings of $1.96 billion.
On a per-share basis, the Dallas-based company said it had profit of $2.13.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The chipmaker posted revenue of $4.67 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $4.6 billion.
For the year, the company reported profit of $8.75 billion, or $9.41 per share. Revenue was reported as $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 surveyed by Zacks had expected revenue of $4.82 billion.