Texas Instruments sees Q1 EPS of $1.03-$1.21 vs $1.20 Street view

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Texas Instruments earnings top Wall Street estimate

Texas Instruments Inc. shares ticked higher in the extended session Wednesday while the chip maker’s earnings topped Wall Street estimates but most of its outlook range did not. Texas Instruments shares rose 1% after hours, following a 1.2% decline to close the regular session at $95.49. The company reported fourth-quarter net income of $1.24 billion, or $1.27 a share, compared with $344 million, or 34 cents a share, in the year-ago period. Revenue declined to $3.72 billion from $3.75 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.23 a share on revenue of $3.74 billion. For the first quarter, Texas Instruments expects earnings of $1.03 to $1.21 a share on revenue of $3.34 billion to $3.62 billion, while analysts have forecast $1.20 a share on revenue of $3.6 billion.

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