Texas Instruments Inc (NASDAQ:TXN) reported financial results for the fourth quarter Tuesday after the bell. Here’s a rundown of the report.
- Texas Instruments stock is trading in a tight range. What should traders watch with TXN?
Texas Instruments Misses Q4 Estimates
Texas Instruments reported fourth-quarter revenue of $4.42 billion, missing analyst estimates of $4.44 billion. The company reported fourth-quarter earnings of $1.27 per share, missing analyst estimates of $1.30 per share, according to Benzinga Pro.
Texas Instruments noted that earnings included a six-cent reduction per share that was not in the company’s original guidance.
Total revenue climbed 10% year-over-year. Texas Instruments reported $7.2 billion in cash flow from operations over the trailing 12 months, and $2.9 billion of free cash flow over the same period.
“Over the past 12 months, we invested $3.9 billion in R&D and SG&A, invested $4.6 billion in capital expenditures and returned $6.5 billion to owners,” the company said.
Texas Instruments ended the quarter with $3.23 billion in total cash and cash equivalents.
What’s Next For TXN
Texas Instruments expects first-quarter revenue to be in the range of $4.32 billion to $4.68 billion versus estimates of $4.42 billion. The company anticipates earnings for the first quarter of $1.22 to $1.48 per share versus estimates of $1.26 per share.
The company’s outlook, which is above estimates at the midpoint, appears to be the main driver of the move higher in shares after the bell.
Texas Instruments executives will further discuss the company’s quarterly results on an earnings call at 4:30 p.m. ET.
TXN Shares Rise In After-Hours Trading
TXN Price Action: Texas Instruments shares were up 5.17% in after-hours Tuesday, trading at $206.80 at the time of publication, per Benzinga Pro.
Image: Shutterstock.com
Recent Comments