Texas Instruments Q4 Profit Rises - Quick Facts

(RTTNews) - Texas Instruments Incorporated (TXN) reported fourth-quarter net income of $825 million or $0.76 per share, compared to $511 million or $0.46 per share, prior year. The company noted that its earnings per share included 7 cents for two items that were not in guidance for the quarter. Adjusted earnings per share was $0.69.

On average, 29 analysts polled by Thomson Reuters expected the company to report profit per share of $0.69 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $3.27 billion from $3.03 billion last year. Analysts expected revenue of $3.26 billion for the quarter.

TI's outlook for the first quarter is for revenue in the range of $3.07 billion to $3.33 billion and earnings per share between $0.57 and $0.67. Analysts expect the company to report first-quarter earnings per share of $0.63 on revenue of $3.19 billion.