DALLAS (dpa-AFX) - Correcrs second para to show revenue grew 2%, and not 92% as was previously mentioned:
Texas Instruments Inc. (TXN) Tuesday reported fourth-quarter net income of $511 million or $0.46 per share, up from $264 million or $0.23 per share last year.
Revenues for the quarter grew 2 percent to $3.03 billion from $2.98 billion last year.
Analysts polled by Thomson Reuters expected fourth-quarter earnings of $0.46 per share on revenues of $2.99 billion. Analysts' estimates typically exclude one-time items.
For the first quarter, the company expects revenue in the range of $2.83 billion to $3.07 billion and earnings per share between $0.36 and $0.44. Analysts currently estimate earnings of $0.44 per share and revenues of $2.95 billion for the quarter.
Copyright RTT News/dpa-AFX
© 2014 AFX News
