Texas Instruments Posts Lower 4Q Profit as Revenue Falls
January 22 2020 - 4:42PM
Dow Jones News
By Kimberly Chin
Texas Instruments Inc. (TXN) said profit fell 14% in the fiscal
fourth quarter on lower revenue and higher interest and debt
expense, as well as other net expenses.
The Dallas-based chipmaker's net income slid to $1.07 billion,
or $1.12 a share, from $1.24 billion, or $1.27 a share, a year
earlier. Analysts surveyed by FactSet expected $1.03 a share.
Revenue fell 9.9% from a year ago to $3.35 billion. Analysts
projected revenue of $3.25 billion.
The company said interest and debt expense rose to $45 million
from $36 million a year earlier while other net expenses increased
to $53 million from $23 million a year ago.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
January 22, 2020 16:27 ET (21:27 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Texas Instruments (NASDAQ:TXN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Texas Instruments (NASDAQ:TXN)
Historical Stock Chart
From Sep 2023 to Sep 2024
