DALLAS (AP) — DALLAS (AP) — Texas Instruments Inc. (TXN) on Thursday reported fourth-quarter net income of $1.21 billion.
On a per-share basis, the Dallas-based company said it had net income of $1.30.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The chipmaker posted revenue of $4.01 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $3.86 billion.
For the year, the company reported profit of $4.8 billion, or $5.20 per share. Revenue was reported as $15.64 billion.
For the current quarter ending in March, Texas Instruments said it expects revenue in the range of $3.74 billion to $4.06 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TXN at https://www.zacks.com/ap/TXN
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