Texas Instruments Shares Tick Higher After Earnings Beat

Texas Instruments Inc. shares ticked higher in the extended session Wednesday after the chip maker's earnings topped Wall Street estimates for the quarter. Texas Instruments shares rose 3.3% to $52.34 after hours. The company reported earnings of 80 cents a share on revenue of $3.19 billion. Analysts surveyed by FactSet had estimated 69 cents a share on revenue of $3.2 billion. The company forecast first-quarter earnings of 57 cents to 67 cents a share on revenue of $2.85 billion to $3.09 billion. Analysts had estimated 64 cents a share on revenue of $3.11 billion.