Texas Instruments Inc. Reports Decline In Q4 Profit

(RTTNews) - Texas Instruments Inc. (TXN) announced a profit for fourth quarter that dropped from the same period last year.

The company's profit came in at $1.07 billion, or $1.12 per share. This compares with $1.24 billion, or $1.27 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 9.9% to $3.35 billion from $3.72 billion last year.

Texas Instruments Inc. earnings at a glance:

-Earnings (Q4): $1.07 Bln. vs. $1.24 Bln. last year. -EPS (Q4): $1.12 vs. $1.27 last year. -Analysts Estimate: $1.02 -Revenue (Q4): $3.35 Bln vs. $3.72 Bln last year.