Investing.com - Texas Instruments (NASDAQ:TXN) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.11 on revenue of $3.35B. Analysts polled by Investing.com forecast EPS of $1.02 on revenue of $3.26B. That compared to EPS of $1.27 on revenue of $3.72B in the same period a year earlier. The company had reported EPS of $1.49 on revenue of $3.77B in the previous quarter.
For the year, Texas Instruments shares are up 3.96%, broadly in line with the Nasdaq which is up 3.81% year to date.
Texas Instruments follows other major Technology sector earnings this month
On Friday, Taiwan Semiconductor reported fourth quarter EPS of $0.75 on revenue of $10.6B, compared to forecasts of EPS of $0.73 on revenue of $10.5B.
IBM earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $4.71 on revenue of $21.78B. Investing.com analysts expected EPS of $4.69 on revenue of $21.64B
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