Investing.com - Texas Instruments (NASDAQ:TXN) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Texas Instruments announced earnings per share of $2.31 on revenue of $4.83B. Analysts polled by Investing.com anticipated EPS of $1.95 on revenue of $4.43B.
Texas Instruments shares are down 14% from the beginning of the year and are trading at $183.48 , down-from-52-week-high.They are under-performing the S&P Global 100 which is down 5.85% from the start of the year.
Texas Instruments shares gained 5.47% in after-hours trade the report.
Texas Instruments follows other major Information Technology sector earnings this month
Texas Instruments's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.48 on revenue of $51.73B, compared to forecasts EPS of $2.31 on revenue of $50.65B.
Taiwan Semiconductor had beat expectations on Thursday, January 13, 2022 with fourth quarter EPS of $1.16 on revenue of $15.85B, compared to forecast for EPS of $1.12 on revenue of $15.69B.
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