Texas Instruments' 1Q Guidance, 4Q Results Beat Projections -- Earnings Review
January 26 2021 - 3:41PM
Dow Jones News
By Maria Armental
Texas Instruments Inc.'s first-quarter financial projections and
fourth-quarter performance beat Wall Street projections, driven by
strong demand in automotive, personal electronics and industrial
markets. Here's what you need to know.
PROFIT: Net income rose to $1.69 billion, or $1.80 a share, from
$1.07 billion, or $1.12 a share, a year earlier. TI projected a
profit of $1.20 to $1.40 a share, and analysts surveyed by FactSet
recently projected $1.34 a share.
REVENUE: Revenue rose to $4.08 billion from $3.35 billion. TI
had projected $3.41 billion to $3.69 billion, and analysts expected
about $3.61 billion.
YEAR: TI ended the year at a profit of $5.6 billion on $14.46
billion in revenue, up from $5.02 billion in profit and $14.38
billion in revenue a year earlier.
OUTLOOK: This quarter, TI projects a profit of $1.44 to $1.66 a
share on $3.79 billion to $4.11 billion in revenue, compared with
analysts' projected $1.34 a share and $3.6 billion in revenue.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
January 26, 2021 16:26 ET (21:26 GMT)
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