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texas instruments company (NASDAQ: TXN) stock is lower in after-hours trading on Tuesday after the company reported fourth-quarter results. We would like to introduce an overview of the company’s performance.
What you need to know: Texas Instruments’ quarterly earnings were $1.49 per share, beating analysts’ estimates of $1.47 and representing a 30.05% decrease from the year-ago quarter’s earnings of $2.13 per share.
The company’s quarterly revenue was $4.08 billion, below the analyst consensus of $4.12 billion and a 12.70% decrease from the year-ago quarter’s revenue of $4.67 billion.
Operating cash flow was $6.4 billion, with trailing-twelve-month free cash flow of $1.3 billion.
See more earnings at TXN
Texas Instruments expects first-quarter sales of $3.45 billion to $3.75 billion, well below expectations of $4.06 billion, while earnings range from 96 cents per share. We expect it to be $1.16.
HabibuyranCommenting on the earnings report, TI’s president and CEO said, “Revenues were down 10% quarter over quarter and down 13% year over year. During the quarter, the company experienced weak performance across its industrial sectors. “We experienced a continuous decline in the automotive sector.”
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TXN price action: At the time of publication, Texas Instruments stock was down 3.61% in after-hours trading to $168.04, according to Benzinga Pro.
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This article, Texas Instruments Stock Slides After-hours – Here’s Why, originally appeared on Benzinga.com.
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