Texas Instruments Earnings, Revenue Beat in Q4

Investing.com – Texas Instruments (NASDAQ:) reported on Thursday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.

Texas Instruments announced earnings per share of $1.11 on revenue of $3.35B. Analysts polled by Investing.com expected EPS of $1.02 on revenue of $3.26B. That was in comparison with EPS of $1.27 on revenue of $3.72B in the same quarter a year earlier.Texas Instruments had announced EPS of $1.49 on revenue of $3.77B in the prior quarter.Analysts are forecasting EPS of $1.03 and revenue of $3.23B in the upcoming quarter.

Texas Instruments stock’s are up 3.96% since the start of the year and is trading at $133.37 , still down 1.72% from its 52 week high of $135.70 set on January 22.

Texas Instruments follows other major Technology sector earnings this month

Texas Instruments’s report follows an earnings beat by Taiwan Semiconductor on Friday, who reported EPS of $0.75 on revenue of $10.6B, compared to anticipated EPS of $0.73 on revenue of $10.5B.

IBM had beat expectations on Tuesday with fourth quarter EPS of $4.71 on revenue of $21.78B, was in comparison with expected for EPS of $4.69 on revenue of $21.64B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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