Texas Instruments Stock Slides as Earnings Forecast Underwhelms | Global News Avenue

Texas Instruments (TxN) reported fourth-quarter profit that beat analysts’ expectations, but its earnings outlook missed expectations, sending shares lower after hours Thursday.

this simulation The chipmaker reported fourth-quarter revenue of $4.01 billion, down 2% year over year but above the analyst consensus compiled by Visible Alpha. Its net income was $1.21 billion, or $1.30 a share, down from $1.37 billion, or $1.49 a share, a year ago, but higher than expected.

However, the company said it expected that in the first quarter earnings per share Prices ranged from 94 cents to $1.16, below analysts’ expectations of $1.17.

Shares of Texas Instruments (TI) fell nearly 4% in after-hours trading on Thursday following the news. As of Thursday’s close, shares were up about 20% in the past year.