Texas Instruments Incorporated (TXN - Free Report) just released its fourth-quarter financial results, posting adjusted earnings of $1.09 per share and revenues of $3.75 billion.
Currently, TXN is a Zacks Rank #2 (Buy) and is down 4.98% to $114.03 per share in trading shortly after its earnings report was released.
Texas Instruments:
Matched earnings estimates. The company posted adjusted earnings of $1.09 per share, matching the Zacks Consensus Estimate of $1.09. Including $0.75 of tax reform-related expenses not in the company's original guidance, Texas Instruments posted earnings of $0.34 per share.
Beat revenue estimates. The company saw revenue figures of $3.75 billion, beating our consensus estimate $3.74 billion.
Revenue in the company’s Analog division grew 11% year-over-year, while revenue in its Embedded Processing division gained 20%. Texas Instruments said that operating margin increased in both businesses.
“Revenue increased 10 percent from the same quarter a year ago. Demand for our products continued to be strong in the industrial and automotive markets,” said CEO Rick Templeton in a press release.
Texas Instruments expected first-quarter revenue in the range of $3.49 billion to $3.79 billion and earnings per share between $1.01 and $1.17. Our current consensus estimates are calling for earnings of $1.07 per share and revenue of $3.64 billion.
Here’s a graph that looks at TXN’s earnings surprise history:
Texas Instruments Incorporated Price, Consensus and EPS Surprise
Texas Instruments Incorporated Price, Consensus and EPS Surprise | Texas Instruments Incorporated Quote
Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog chips and embedded processors. TI also produces TI DLP technology and education technology products.
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