Investing.com - Chipmaker Texas Instruments reported Thursday soft earnings guidance for the current quarter that overshadowed fourth-quarter results that topped analysts' expectations on both the top and bottom lines.
Texas Instruments Incorporated (NASDAQ:TXN) fell 3% in after-hours trade following the report.
For the three months ended Dec. 31, Texas Instruments announced earnings per share of $1.30 on revenue of $4.01 billion. Analysts polled by Investing.com anticipated EPS of $1.21 on revenue of $3.9B.
Looking ahead, the company forecast Q1 earnings per share between $0.94 and $1.16 on revenue in a range of $3.74B to $4.06B, compared with analyst estimates for $1.17 per share on revenue of $3.85B.