Texas Instruments Inc. Q4 Profit Retreats, But Beats Estimates

Texas Instruments

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(RTTNews) - Texas Instruments Inc. (TXN) announced earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $1.21 billion, or $1.30 per share. This compares with $1.37 billion, or $1.49 per share, last year.

Analysts on average had expected the company to earn $1.20 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 1.7% to $4.007 billion from $4.077 billion last year.

Texas Instruments Inc. earnings at a glance (GAAP) :

-Earnings: $1.21 Bln. vs. $1.37 Bln. last year. -EPS: $1.30 vs. $1.49 last year. -Revenue: $4.007 Bln vs. $4.077 Bln last year.