Texas Instruments' 4Q Profit, Revenue Growth Beat Wall Street Targets
January 25 2022 - 3:36PM
Dow Jones News
By Maria Armental
Texas Instruments Inc. reported a 19% quarterly revenue increase
on strong demand in industrial and automotive.
Fourth-quarter profit rose to $2.14 billion from $1.69 billion a
year earlier. On a per-share basis, profit was $2.27.
Revenue for the quarter rose to $4.83 billion from $4.08 billion
a year earlier.
TI projected a profit of $1.83 to $2.07 a share and $4.22
billion to $4.58 billion in revenue; while analysts expected $1.95
a share and $4.43 billion in revenue.
TI ended the year at a profit of $7.77 billion on $18.34 billion
in revenue, compared with a profit of $5.6 billion and $14.46
billion in revenue a year earlier.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
January 25, 2022 16:21 ET (21:21 GMT)
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