Texas Instruments Reports Stronger Fourth-quarter Earnings

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Texas Instruments Inc. late Monday reported its fourth-quarter earnings rose to $825 million, or 76 cents a share, from $511 million, or 46 cents a share, for the year-earlier period. "Earnings per share included 7 cents for two items that were not in guidance for the quarter," the company said in a statement. Revenue grew 8% to $3.27 billion. Analysts polled by FactSet, on average, were expecting the chipmaker to earn 69 cents a share on revenue of $3.27 billion. Texas Instruments also forecast first-quarter earnings per share of 57 cents to 67 cents and revenue in the range of $3.07 billion to $3.33 billion. TI shares were off 1% in after hours.

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