Texas Instruments' 1Q Guidance, 4Q Results Beat Projections -- Earnings Review

By Maria Armental

Texas Instruments Inc.'s first-quarter financial projections and fourth-quarter performance beat Wall Street projections, driven by strong demand in automotive, personal electronics and industrial markets. Here's what you need to know.

PROFIT: Net income rose to $1.69 billion, or $1.80 a share, from $1.07 billion, or $1.12 a share, a year earlier. TI projected a profit of $1.20 to $1.40 a share, and analysts surveyed by FactSet recently projected $1.34 a share.

REVENUE: Revenue rose to $4.08 billion from $3.35 billion. TI had projected $3.41 billion to $3.69 billion, and analysts expected about $3.61 billion.

YEAR: TI ended the year at a profit of $5.6 billion on $14.46 billion in revenue, up from $5.02 billion in profit and $14.38 billion in revenue a year earlier.

OUTLOOK: This quarter, TI projects a profit of $1.44 to $1.66 a share on $3.79 billion to $4.11 billion in revenue, compared with analysts' projected $1.34 a share and $3.6 billion in revenue.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

January 26, 2021 16:26 ET (21:26 GMT)

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